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Mustard seed complex sees bullish tone on strong buying

21 May 2024 1:53 pm
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Jaipur, 21 May (Commoditiescontrol) Mustard seed, oil and cake prices rebounded in the domestic edible oil markets tracking firmness in the imported edible oils.

The processors and the stockiest were seen interested to buy mustard seed as prices of mustard oil and cake rose sharply today. As per the traders, farmers have also raised their selling at higher rates.

Prices of mustard seed with 42% conditioned rose Rs 75 to Rs 6000-6025 per quintal (excluding GST), in the benchmark market of Jaipur.

Mustard oil expeller prices gained Rs 26 to Rs 1120-1121 per 10kg. Kachchi Ghani prices also rose Rs 26 to 1130-1131 per 10kg. Mustard cake prices gained Rs 15 to Rs 2800-2805 per quintal in Jaipur.

In Delhi, mustard seed prices were quoted Rs 75 higher at Rs 5875-5925 per quintal. Mustard oil expeller was quoted Rs 10 higher at Rs 1110 per 10 kg in the market of Delhi.

In the market of Charkhi Dadri of Haryana, prices of mustard seed gained Rs 50 to Rs 5850-5900 per quintal and mustard oil expeller was quoted Rs 10 higher at Rs 1100 per 10kg. Cake prices were also flat at Rs 2800 per quintal.

Total arrivals of mustard seed were around 6.75 lakh bags across the country, up 25,000 bags from the last trading session. Arrivals of mustard seed were around 4 lakh bags in Rajasthan, 75,000 bags in Madhya Pradesh, 70,000 bags in Uttar Pradesh, 25,000 bags in Punjab and Haryana and 20,000 bags in Gujarat. The major markets of states received around 85,000 bags of mustard seed.

At Kandla port, prices of CPO was quoted Rs 10 higher at Rs 891 per 10kg and RBD Palmolein also traded Rs 10 higher at Rs 910 per 10kg. Soy oil refine prices rose Rs 10 to Rs 925 per 10 kg and degum traded Rs 5 higher at Rs 850 per 10 kg. Sun flower refine was quoted Rs 10 higher at Rs 930 per 10 kg.

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