Mustard oil slips on increased arrivals
On Thursday, mustard oil ruled at Rs 648 for 10 kg, while it was Rs 640 in Neemuch and Rs 655 in Moorena. In Rajasthan and Gujarat mandis also, mustard oil ruled stable with its price in Kota and Ganga Nagar bein adidas football g quoted at Rs 670 each, while it was Rs 695 in Jaipur and Rs 640 in Gujarat respectively.
Sluggish sentiment also prevailed in mustard seeds. It was quoted Rs 200 up in Indore mandis at Rs 3,800 4,200 a quintal, while raida in Indore mandis was quoted Rs 100 up at Rs 3,000 3,200. In Neemuch, mustard seeds (best quality) were quoted at Rs 3,050. On the other hand, mustard seeds with high moisture content ruled at Rs 2,950 3,000. Mustard seeds futures traded higher on improved buying support with its April and May contracts closing at Rs 3,406 (up Rs 20) and Rs 3,449 a quintal (up Rs 21).
With rise in arrivals, downtrend was also witnessed in plant deliveries of mustard seeds. Plant deliveries for Jaipur line declined to Rs 3, adidas football 500 a quintal.
Arrival of new mustard seeds rose to 42.40 lakh bags (against 4 lakh bags adidas football yesterday and 2.50 bags last week). Among various States, Rajasthan witnessed the highest arrival with 1,25,000 bags, followed by Madhya Pradesh with 80,000 bags, Uttar Pradesh 70,000, Punjab/Haryana 20,000 bags, Gujarat 35,000 bags and 25,000 bags elsewhere adidas football in the country.