Mustard oil in mandis across Madhya Pradesh, Rajasthan and Gujarat on Thursday showed a mixed trend even as arrival of mustard seeds is rising. In Indore, mustard oil gained Rs 2 to Rs 712 for 10 kg, while it was down Re 1 each in Neemuch and Morena at Rs 705 and Rs 715 respectively. In Rajasthan, while mustard oil declined by Rs 15 in Kota to Rs 720, it was Rs 5 up in Ganga Nagar at Rs 725 and Rs 15 up in Jaipur at Rs 735. In Gujarat also, mustard oil ruled Rs 5 up at Rs 715.
However, compared with last week, mustard oil is ruling Rs 18 lower in Indore, Rs 20 down in Morena and Neemuch. Similarly in Rajasthan also, mustard oil is ruling Rs 15 lower in Kota, Ganga Nagar and Jaipur, compared with last week.
Prices of mustard seeds were down too as arrival of new mustard seeds increases in mandis. While in Indore mustard seeds ruled at Rs 4,300-4,500 a quintal, in Neemuch, new mustered seeds with 20-22 per cent moisture ruled at Rs 2,700-2,900 and with 8-9 per cent moisture ruled at Rs 3,450-3,460. According to Neemuch-based trader Kamlesh Nahti, mustard seeds prices will decline further as arrival gains pace in 10-15 days.
With high moisture content in new mustered and decline in demand, plant deliveries of mustard seeds for Jaipur line in the past one week have declined by Rs 100 to Rs 3,825-3,850 a quintal. Mustard seeds futures traded lower with rise in arrival and slack buying. On Thursday, April and May contracts on the National Commodity and Derivatives Exchange closed at Rs 3,406 a quintal (down Rs 8) and at Rs 3,431 a quintal (down Rs 14).
Arrival of new mustard seeds in the country on Thursday was recorded at 95,000 bags, of which 35,000 bags were offloaded in Uttar Pradesh, 18,000 in Madhya Pradesh, 22,000 in Rajasthan, 2,000 in Gujarat, 3,000 in Punjab and Haryana. Fifty thousand bags of old mustard seeds arrived in the country on Thursday.
Keywords: mustard oil prices