Informist, Tuesday, May 24, 2022
By Uddipta Banerjee
NEW DELHI – Prices of mustard rose in the benchmark market of Jaipur, Rajasthan, today due to firm demand from domestic stockists and millers, and fall in arrivals, traders said.
On the other hand, prices of soybean in Indore, Madhya Pradesh, were steady.
* In Jaipur, MUSTARD was sold 7,225 rupees per 100 kg, up by 50 rupees from Monday. Arrivals were down at 450,000 bags (1 bag = 84 kg), against 525,000 bags the previous day.
* Firm demand in the international market, driven primarily by concern about supply of sunflower oil from the Russia-Ukraine corridor, is likely to lend support to prices of the oilseed in the near term, said a trader with Manishankar Oils.
* However, even with India expecting a record mustard seed production in 2021-22, farmers are refraining from bringing their produce to the market in large quantity as they are waiting for prices to rise further, the trader added.
* SOYBEAN arrivals in Indore were steady at 600 bags (1 bag = 100 kg), said local trader N.K. Aggarwal. Prices of the oilseed remained unchanged at 7,000-7,200 rupees per 100 kg.
* By and large, farmers are bringing lower produce to the market as the end of the season approaches, he added. End
Edited by Ashish Shirke
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