login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Mustard Seed, Oil, and Cake Prices Rebound on Increased Demand

19 Jun 2024 3:31 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Jaipur, June 19 (Commoditiescontrol): Mustard seed, oil, and cake prices experienced a rebound on Wednesday as demand increased following recent price drops. Traders reported renewed buying activity, particularly for mustard seed, which in turn boosted demand for mustard oil and DOC (De-Oiled Cake).

In the benchmark market of Jaipur, mustard seed with 42% conditioning rose by Rs 50 to reach Rs 6050-6075 per quintal (excluding GST). Mustard oil expeller prices increased by Rs 16 to Rs 1163-1164 per 10kg, while kachchi ghani prices also rose by Rs 16 to Rs 1173-1174 per 10kg. Mustard cake prices saw a gain of Rs 25, reaching Rs 2675-2680 per quintal.

Similar upward trends were observed in other markets:

* Delhi: Mustard seed prices surged by Rs 50 to Rs 5925-5975 per quintal, and mustard seed expeller rose by Rs 10 to Rs 1150 per 10kg.
* Charkhi Dadri: Mustard seed prices increased by Rs 75 to Rs 5900-5950 per quintal, and mustard seed expeller was offered Rs 15 higher at Rs 1140 per 10kg. Mustard cake prices rose by Rs 10 to Rs 2670 per quintal.

Nationwide, approximately 5 lakh bags of mustard seed arrived, with Rajasthan accounting for 3 lakh bags, Madhya Pradesh 40,000 bags, Uttar Pradesh 45,000 bags, Punjab and Haryana 20,000 bags, and Gujarat 20,000 bags. Major markets across the states received around 75,000 bags.



The rebound in mustard seed, oil, and cake prices indicates a shift in market sentiment, driven by renewed demand at lower price levels. The increased buying activity for mustard seed has also positively impacted the prices of its derivative products. Market participants will be closely monitoring further developments in supply and demand to gauge the sustainability of this upward trend.



       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
COCONUT PRICES : 16 Jul 2024
Castor Prices Feel Pressure On Monsoon Revival, Heavy S...
Malaysian Palm Oil Futures Surge on Strong Exports, Riv...
OIL SPOT PRICES : 16-Jul-2024
Peanut Prices Stable in Gujarat on Weak Demand, Limited...
more
Top 5 News
Domestic and Vietnamese Pepper Prices Continue to Decli...
Clove Prices Remained Stable; Imports Declined After Fi...
Small Cardamom Prices Continue to Decine
Market Wise Chana Arrivals: Supply Up By 3.56% Against...
Market Wise Tur Arrivals: Supply Up By 8.39% Against P...
Top 5 Special Reports
Argentina's Currency Market Intervention: Will It Reviv...
Weekly: Sugar Prices Decline Amid Strong Brazilian Outp...
Weekly: Cotton Extend Loss For 7th Week; Bears Tighten ...
USDA lowers 2024-25 global soybean production estimates...
USDA revises 2024-25 global cotton ending stocks estima...
Copyright © CC Commodity Info Services LLP. All rights reserved.