India Edible Oil
Prices of oilseeds unavailable as key markets shut
This story was originally published at 19:44 IST on 19 August 2024
Register to read our real-time news.Informist, Monday, Aug 19, 2024
By Anjali Lavania
MUMBAI – Prices of mustard, soybean, and groundnut were unavailable at Jaipur in Rajasthan, Indore in Madhya Pradesh, and Gujarat, respectively, traders said. Most of the markets were closed today on the occasion of Raksha Bandhan, they said.
MUSTARD seed prices in the benchmark market of Jaipur were steady at 6,075-6,100 rupees per 100 kg on Saturday, said a trader from Jaipur who did not want to be named. "Kota mandi in Rajasthan is closed today on the occasion of Raksha Bandhan," Mahesh Sameriya, a Rajasthan-based trader said. Wholesale prices of refined mustard oil were steady at 1,140 rupees per 10 ltr in Mumbai, data from the Solvent Extractors' Association of India showed.
SOYBEAN prices were unavailable today in Indore as markets were closed, according to Sandeep Sarda, a local trader. Wholesale prices of refined soyoil were steady at 950 rupees per 10 ltr in Mumbai, according to the Solvent Extractor's Association of India.
Similarly, GROUNDNUT prices in Gondal were unavailable as major mandis were closed in the state, Ashok Virvani, a local trader, said. Virvani further said export demand for groundnuts is sluggish and the high moisture content in stocks is recently affecting groundnut prices negatively. Wholesale prices of refined groundnut oil were up 1.4% at 1,450 rupees per 10 ltr in Mumbai, data from the SEA showed.
Moreover, huge imports of edible oils are also weighing on prices, Virvani said. India's vegetable oil imports rose 7% on year to 1.89 mln tn in July, the SEA said in a release today.
On the National Commodity and Derivatives Exchange:
--The August contract of crude SUNFLOWER oil ended at 901 rupees per 10 kg, up 0.9% from the previous close.
The following table details the prices of oilseeds in major markets, along with the changes:
COMMODITY | MARKET | PRICE (rupees/100 kg) | CHANGE (rupees) |
Mustard | Jaipur | -- | -- |
Soybean | Indore | -- | -- |
Groundnut | Gondal | -- | -- |
End
Edited by Manisha Baxla
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2024. All rights reserved.
To read more please subscribe
Share this Story:
