Mustard Seed Complex Weakens as Oil, Cake Prices Fall

Jaipur, June 21 (Commoditiescontrol) - The mustard seed complex experienced a downturn on Friday, with prices for seed, oil, and cake falling in the benchmark market of Jaipur. This decline followed two consecutive days of upward movement. Mustard seed with 42% condition traded at Rs 6075-6100 per quintal (excluding GST), a decrease of Rs 50.

Mustard oil expeller prices dropped Rs 9 to Rs 1154-1155 per 10kg, while kachchi ghani prices also fell Rs 9 to Rs 1164-1165 per 10kg. Mustard cake prices saw a Rs 20 decrease, settling at Rs 2665-2670 per quintal.

The downward pressure on mustard oil prices, observed in other major markets as well, contributed to the overall weakness in the complex and dampened buying sentiment.

In contrast, mustard seed prices held steady in the markets of Haryana and Delhi. Prices in Haryana ranged from Rs 5925-5975 per quintal, with mustard oil expeller prices down Rs 5 to Rs 1145 per 10kg. In Delhi, mustard seed prices remained flat at Rs 5900-5950 per quintal, while expeller prices decreased by Rs 5 to Rs 1135 per 10kg. Mustard cake prices in Delhi experienced a Rs 10 decline, reaching Rs 2660 per quintal.

Total arrivals of mustard seed across the country amounted to approximately 5 lakh bags, with Rajasthan accounting for 2.85 lakh bags. Arrivals were also reported in Madhya Pradesh, Uttar Pradesh, Punjab, Haryana, Gujarat, and other major markets.



At Kandla port, prices for CPO, RBD palmolein, soyoil refine, and sunflower refine oil remained unchanged. However, degum prices saw a slight decrease of Rs 2.

The mustard seed complex experienced a weakening trend on Friday, driven by falling prices for oil and cake in the benchmark market of Jaipur. However, prices remained steady in Haryana and Delhi. The decline in oil prices, coupled with ample arrivals of mustard seed, contributed to the subdued buying sentiment. While the overall market witnessed a downward movement, it is essential to monitor future developments for a comprehensive understanding of the mustard seed complex's trajectory.





(By Commoditiescontrol Bureau; +91-9820130172)