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India Edible Oil: Mustard seed, soybean steady in spot market

Informist, Thursday, Jun 9, 2022

 

By Rahul Dhuri

 

MUMBAI – Prices of mustard seed and soybean were largely unchanged in their respective spot markets today, as arrivals were sufficient to meet domestic demand, traders said. 

 

* In the benchmark market of Jaipur, Rajasthan, MUSTARD SEED was sold for 7,200 rupees per 100 kg. Arrivals were pegged steady at 350,000 bags (1 bag = 84 kg), both unchanged from Wednesday.

 

* The outlook for mustard seed remains firm. India estimates record mustard seed production in 2021-22, but farmers are refraining from bringing their produce to the market in large quantities as they await a rise in prices, a trader with Manishankar Oils said.

 

* Prices of SOYBEAN remained mostly steady in Indore today. The oilseed was sold for 6,600-6,800 rupees per 100 kg, unchanged from Tuesday, said N.K. Aggarwal, a local trader.

 

* Arrivals were pegged steady at 1,000 bags (1 bag = 100 kg). The market remained shut on Wednesday due to a local festival. End

 

Edited by Namrata Rao     

 

Cogencis news is now Informist. 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.

 

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Source: Cogencis

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