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Mustard Seed Market Holds Steady Across Major Markets Amid Steady Arrivals and Mixed Oil Price Trends

14 Nov 2024 12:21 pm
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MUMBAI, 14 Nov (Commoditiescontrol): The mustard seed market remained stable on Thursday across key trading hubs, with prices showing little movement amid steady arrivals. In Delhi, mustard seed was priced between ₹6,400 and ₹6,450 per quintal, while mustard expeller oil held at ₹1,335 per 10 kg. Similarly, Charkhi Dadri saw mustard seed prices at ₹6,350-6,400 per quintal, with mustard expeller oil at ₹1,320 per 10 kg and mustard cake at ₹2,390 per quintal.

Jaipur, a key mustard market, reported mustard seed prices at ₹6,600-6,625 per quintal. Mustard expeller oil prices in Jaipur increased by ₹6 to ₹1,370-1,371 per 10 kg, while Kacchi Ghani oil also saw a similar ₹6 rise, trading at ₹1,380-1,381 per 10 kg. Mustard cake remained unchanged at ₹2,425-2,430 per quintal.

In terms of arrivals, Rajasthan reported the highest inflow with 115,000 bags, followed by Madhya Pradesh and Uttar Pradesh with 25,000 bags each. Haryana and Punjab saw arrivals of 5,000 bags, while Gujarat and other regions recorded 5,000 and 50,000 bags, respectively, bringing the total arrival to 225,000 bags across India.

Meanwhile, the international oil market showed mixed trends. Crude palm oil (CPO) for November CNF (Cost and Freight) at Kandla dropped by $15 to $1,255, and RBD Olein also fell by $15 to $1,225. Soy degum oil declined by $8 to $1,237 per metric ton, while sunflower expeller oil remained stable at $1,280. Mustard meal on an FOB (Free on Board) basis declined slightly by $1 to $275 per metric ton.

In the domestic market, crude palm oil declined by ₹5 to ₹1,310 per 10 kg, while RBD palmolein dropped by ₹10 to ₹1,340 per 10 kg. Refined soy oil saw a ₹5 increase to ₹1,320 per 10 kg, while soy degum remained stable at ₹1,287 per 10 kg. Sunflower refined oil fell by ₹15 to ₹1,400 per 10 kg, and at JNPT, RBD palmolein and super olein each dropped by ₹10 to ₹1,360 and ₹1,380 per 10 kg, respectively. Sunflower crude and refined oils at JNPT remained steady at ₹1,350 and ₹1,400 per 10 kg.



The above image reflects trends in mustard seed prices and arrivals across India, with data showing that Jaipur has experienced stable pricing alongside steady arrival levels in recent weeks. This stability is expected to continue as domestic demand remains steady and arrivals hold firm across major mandis.

(By Commoditiescontrol Bureau; +91 98201 30172)


       
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