India Edible Oil: Jaipur mustard, Indore soybean remain steady

Informist, Thursday, Jun 2, 2022


By Uddipta Banerjee


NEW DELHI – Prices of mustard in the benchmark market of Jaipur, Rajasthan, and those of soybean in the benchmark market of Indore, Madhya Pradesh, remained steady today, traders said.


* In Jaipur, MUSTARD was sold for 6,875 rupees per 100 kg today, unchanged from Wednesday. Arrivals  were pegged at 400,000 bags (1 bag = 84 kg), as against 380,000 bags on the previous day.


* India estimates record mustard seed production in 2021-22, but farmers are refraining from bringing their produce to the market in large quantities, as they are waiting for prices to rise, traders added.


* Prices of SOYBEAN were steady in Indore today, traders said.


* Arrivals were pegged at 800 bags (1 bag = 100 kg), unchanged from the previous day, N.K. Aggarwal, a local trader, said.


* The oilseed was sold for 6,700 rupees per 100 kg today, largely unchanged from Wednesday, Aggarwal said. 


* By and large, farmers are bringing lesser produce to the market due to low availability of stock as the end of the season approaches, he said.


* Soybean prices may fall in the next one week because of persisting weak demand from domestic millers, and may touch the 6,500-rupee mark, Aggarwal said.   End


Edited by Tanima Banerjee



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