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Favourable monsoon forecast by the weather department this year and decline in buying interest at higher rate have halted rally in mustard oil. Mustard seeds gained higher on weak arrival.
Amid sluggish and subdued demand, mustard oil prices were at ₹740 for 10 kg, while it was ₹730 in Neemuch and ₹750 in Morena. In Rajasthan, mustard oil ruled flat at ₹755 in Jaipur, while in in Gujarat it was at ₹735.
Mustard seeds and raida ruled higher on weak arrivals with mustard seeds prices rising to ₹4,350 a quintal (up ₹400 from last week) Similarly, raida traded higher at ₹4,150 (up ₹200). Plant deliveries stood at ₹4,430-35 a quintal.
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