Muted Trends in Edible Oil and Mustard Markets Amid Stable Arrivals

MUMBAI, 11 Dec (Commoditiescontrol): The edible oil and mustard markets presented a mixed picture today, with slight fluctuations in prices and stable arrivals across key regions. While crude palm oil and RBD palmolein prices saw modest gains, mustard prices continued to soften due to steady arrivals and tepid demand.

At Gujarat's Kandla port, crude palm oil (CPO) for December delivery was steady at $1,285, while RBD olein remained unchanged at $1,245. Soy degum oil for January gained $17 to $1,156, and sunflower expeller oil for December held firm at $1,220.

In rupee terms, crude palm oil prices rose by ₹5 to ₹1,333 per 10 kg, while RBD palmolein prices increased by ₹10 to ₹1,370. Refined soybean oil and degum soybean oil also gained ₹10, priced at ₹1,260 and ₹1,233, respectively. Sunflower refined oil experienced the highest jump, rising ₹20 to ₹1,390. However, at JNPT, sunflower crude oil prices dropped by ₹5 to ₹1,295.

In Rajasthan's Jaipur mandi, mustard seed prices weakened slightly, trading at ₹6,525-6,550 per quintal, down by ₹25. Mustard expeller oil and kacchi ghani oil prices also fell marginally by ₹7 to ₹1,322-1,323 and ₹1,332-1,333, respectively. Mustard cake remained steady at ₹2,315-2,320 per quintal.

Total mustard seed arrivals across India were recorded at 1.75 lakh bags. Rajasthan saw the highest arrivals at 5,000 bags, followed by Uttar Pradesh with 25,000 bags, Madhya Pradesh with 20,000 bags, and Gujarat and Haryana-Punjab contributing 5,000 bags each. Other states accounted for 35,000 bags.

In Delhi, mustard seed prices dropped ₹50, trading at ₹6,250-6,300 per quintal, while mustard expeller oil fell ₹15 to ₹1,305. Similarly, Charkhi Dadri reported a decline of ₹75 in mustard seed prices, trading at ₹6,200-6,250, with expeller oil down ₹15 at ₹1,290. Mustard cake, however, rose by ₹10 to ₹2,270.

The declining prices in the mustard market reflect subdued demand and steady arrivals, creating a bearish sentiment. On the other hand, the edible oil market remains largely stable, with crude oil prices supporting palm oil's biodiesel demand. The future price trends will largely depend on domestic demand and international market cues.



The above chart further illustrates the declining trend in Jaipur mustard prices and steady arrivals across India, emphasizing the current muted sentiment in the market(By Commoditiescontrol Bureau; +91 98201 30172)