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The sluggish trend in mustard oil and mustard seeds due to excessive rains in Madhya Pradesh and Rajasthan has ended with improvement in weather condition and revival of demand.
In Indore and Morena mandis, mustard oil ruled at Rs 632, while it was Rs 625 in Neemuch.
However, with weather getting drier to to end of rains few days back, demand for both mustard oil and seeds has gone up, said Kailash Agrawal, an Indore-based mustard oil trader. Weak arrival and improved buying support have also lifted prices of mustard seeds and raida with mustard seeds prices in Indore mandis gaining by Rs 100 to Rs 4,200 a quintal, while raida ruled at Rs 3,000 (up Rs 100 from last week).
According to Manish Maheshwari, a Mandsaur-based mustard trader, mustard seeds in the coming days may see a gain of Rs 100-200 a quintal up to Diwali festival on increased demand, even as the country has adequate stock.
Improved demand from crushers have also lifted plant deliveries of mustard seeds for Jaipur line to Rs 3,400-20 (up Rs 30 from last week).
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