Informist, Monday, Apr 11, 2022

By Uddipta Banerjee

NEW DELHI – Prices of mustard in Rajasthan's Jaipur market rose, while that of soybean in Indore, the benchmark market in Madhya Pradesh, fell today, traders said.

* In Jaipur, MUSTARD was sold for 7,125 rupees per 100 kg, up 125 rupees from Saturday. Arrivals were pegged at 750,000 bags (1 bag = 84 kg), against 400,000 bags from the previous day.

* Prices were supported by strong demand from both domestic and international stockists, driven primarily by supply concerns regarding sunflower oil from the Russia-Ukraine corridor, a trader with Manishankar Oils said.

* SOYBEAN in Indore fell marginally today because of weak demand from stockists, traders said.

* The oilseed was sold at 7,500-7,700 rupees per 100 kg, down 300 rupees from the previous day. Arrivals were pegged at 800 bags (1 bag = 100 kg), unchanged from Friday, said N.K. Aggarwal, a local trader.

* Farmers at large are bringing less produce to the market since they are left with lower inventories as the season for the oilseed nears its end, Aggarwal said.   End

Edited by Tanima Banerjee

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