India Edible Oil
Mustard down on tepid demand, groundnut unchanged
This story was originally published at 19:49 IST on 17 September 2024
Register to read our real-time news.Informist, Tuesday, Sep 17, 2024
By Afra Abubacker
NEW DELHI – Prices of mustard seeds fell in benchmark markets due to a slowdown in demand, while those of groundnut remained unchanged, traders said. Soybean prices were unavailable as markets were shut today, they added.
MUSTARD seed prices in the benchmark market of Jaipur in Rajasthan fell 100 rupees to 6,825-6,850 rupees per 100 kg. Arrivals across the country were 250,000 bags (1 bag = 50 kg), unchanged from the previous day, according to Marudhar Trading Agency.
"Mustard prices were down today as most of the millers have already done bulk buying and right now are buying as per immediate requirement," said a Rajasthan-based trader, who does not want to be named.
GROUNDNUT prices in Gondal in Gujarat were steady at 4,600-5,300 rupees per 100 kg, said Ashok Virvani, a local trader. Arrivals of soybean in the market are of poor quality with high moisture content, he added.
SOYBEAN prices in the benchmark market of Indore in Madhya Pradesh were unavailable today as the market was closed on the occasion of Anant Chaturdashi, Mukesh Mangal, an Indore-based trader said. Markets of Ujjain and Ratlam were also shut, Narendra Porwal, another Madhya Pradesh-based trader said.
On the National Commodity and Derivatives Exchange:
--The September contract of crude SUNFLOWER oil was up 3.8% at 1,055.4 rupees per 10 kg.
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 | 6,825-6,850 | (-)100 |
Soybean | Indore | --- | -- |
Groundnut | Gondal | 4,600-5,300 | unch |
End
With inputs from Anjali Lavania
Edited by Aditya Sakorkar
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