Informist, Thursday, Jan 5, 2023
By Arunima Bharadwaj
NEW DELHI – Prices of mustard in Jaipur, Rajasthan, fell on expectation of improved production, while those of soybean remained steady in the major markets of Indore in Madhya Pradesh, market participants said.
* MUSTARD seed was sold at 6,475-6,500 rupees per 100 kg in Jaipur, down 100 rupees from Wednesday, said Rupesh Parekh, a trader with Marudhar Trading. Arrivals were pegged steady at 185,000 bags (1 bag = 84 kg).
* “We expect a higher mustard production in coming months, which is having a softening effect on prices,” said Parekh.
* Acreage of mustard across the country has risen 9% on year to 9.4 mln ha, according to data from the farm ministry.
* A fall in the prices of edible oil in the global markets and expectation of new mustard crops hitting the mandis in February also weakened the sentiment.
* In Indore, SOYBEAN was sold at 5,800-5,850 rupees per 100 kg, steady from Wednesday as supply was sufficient to meet the regular demand, said N.K. Agarwal, a local dealer.
* Arrivals were pegged steady at 3,000 bags (1 bag = 100 kg).
* Prices were steady tracking international markets, Agarwal said. End
Edited by Manisha Baxla
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