Informist, Thursday, Sep 21, 2023

By Arunima Bharadwaj

NEW DELHI - Prices of mustard seed fell today in the benchmark markets of Jaipur, Rajasthan, due to low demand, local traders said.

In Jaipur, MUSTARD seed was sold at 5,800-5,825 rupees per 100 kg, down by 25 rupees from Wednesday due to sluggish demand, said Rupesh Parekh, a local trader.

Arrivals of the oilseed in Jaipur were pegged steady at 200,000 bags (1 bag = 84 kg). Arrivals across the country were also estimated steady at 350,000 bags.

In its third advance estimate, the government has pegged the country's mustard seed production in

2022-23 (Jul-Jun) at 12.5 mln tn against 12.0 mln tn in the previous crop year.

SOYBEAN was sold at 4,200-4,500 rupees per 100 kg in the key wholesale markets of Indore, Madhya Pradesh, and arrivals were pegged at 250 bags, said Mukesh Mangal, a local trader. 

"Arrivals of the new crop have started coming to the mandis," Mangal said.

According to the agriculture ministry, soybean acreage so far this season is 12.55 mln ha compared with 12.4 mln ha during the corresponding period last year.

The government has pegged total oilseed output in 2022-23 (Nov-Oct) at 41.0 mln tn, against 38.0 mln tn in the previous oilseed year.  End

Edited by Vandana Hingorani

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