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Monday, December 5, 2022

India Edible Oil:Mustard flat in spot mkts, soybean dn on high supply

Informist, Tuesday, Sep 20, 2022


By Puja Das


NEW DELHI – Prices of mustard were unchanged in the benchmark market of Jaipur today due to demand-supply parity, while prices of soybean fell in Latur, Maharashtra.


* MUSTARD was sold at 6,450-6,475 rupees per 100 kg, unchanged from Monday. Arrivals were also pegged flat at 215,000 bags (1 bag = 84 kg).


* Prices of the commodity are seen moving 100-200 rupees per 100 kg from current levels until demand improves ahead of the festival season in October, said Rupesh Parekh, a trader with Marudhar Trading.


* Prices of SOYBEAN in Latur, a key spot trading centre of Maharashtra, fell today as farmers brought more produce to the market ahead of next season’s fresh crop arrivals. However, demand remained limited, traders said.


* Soybean was sold 80 rupees lower at 5,120 rupees per 100 kg, while arrivals rose to 5,000 bags (1 bag = 100 kg) from 3,000-4,000 bags on Monday.


* Farmers are likely to bring more produce till next season’s soybean crop is harvested, and till they exhaust their stock from the previous season, local trader Laxmi Narayan said.


* The new soybean crop is expected to arrive in the market by September-end or the beginning of October, Narayan said.  End


Edited by Avishek Dutta


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Source: Cogencis

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