Informist, Thursday, Mar 3, 2022
By Uddipta Banerjee
NEW DELHI – Prices of mustard fell marginally across key spot markets today because of an increase in arrivals amid steady demand from oil millers and crushers, traders said.
* In December, the Securities and Exchange Board of India had banned trading in soybean and its derivatives, mustard and crude palm oil for a year. The volumess in existing contracts of these commodities on the National Commodity and Derivatives Exchange and the Multi Commodity Exchange are negligible.
* MUSTARD was sold for 7,250 rupees per 100 kg in Jaipur, compared with 7,400 rupees on Wednesday, a trader with Manishankar Oils said.
* Arrivals were pegged at 900,000 bags (1 bag = 84 kg), compared with 825,000 bags the previous day.
* SOYBEAN prices and arrivals were steady in the benchmark market of Indore, Madhya Pradesh, today. The oilseed was sold at 7,400 rupees per 100 kg, and arrivals were pegged at 1,500 bags (1 bag = 100 kg), said local trader N.K. Aggarwal.
* Key wholesale markets in Indore were shut on Wednesday on account of Amavasya and trade resumed today, Aggarwal said. End
Edited by Avishek Dutta
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