Informist, Monday, Jan 9, 2023
By Arunima Bharadwaj
NEW DELHI – Prices of mustard fell today in Jaipur, Rajasthan, as estimates show the production may rise in the ongoing crop year 2022-23 (Jul-Jun), while those of soybean fell in Indore, Madhya Pradesh due to an increase in arrivals, traders said.
* MUSTARD seed was sold at 6,425-6,450 rupees per 100 kg, down 25 rupees from Friday. Arrivals were pegged at 190,000 bags (1 bag = 84 kg), up 5,000 bags from the previous trading day, said Rupesh Parekh, a local trader.
* The output of the key oilseed is set to hit a record high this year, especially in the eastern region. It is expected to boost domestic oilseeds production and reduce the country's dependence on import of edible oil.
* Farmers in the country have sown mustard across 9.5 ha in the current rabi season as of Thursday, up 7.8% from a year ago, data from the farm ministry showed.
* Mustard production for 2022-23 (Jul-Jun) is seen around 1.25 mln tn, up 6% from last year due to conducive weather conditions, analysts said.
* In Indore, SOYBEAN was sold at 5,700 rupees per 100 kg, down 100 rupees from Friday because of an increase in arrivals, said N.K. Agarwal, a local trader.
* Arrivals were pegged at 4,000 bags (1 bag = 100 kg), up 1,000 bags from Friday.
* Prices are expected to remain steady in the coming week, Agarwal said.
End
Edited by Vidhi Verma
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Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
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Informist, Monday, Jan 9, 2023
By Arunima Bharadwaj
NEW DELHI – Prices of mustard fell today in Jaipur, Rajasthan, as estimates show the production may rise in the ongoing crop year 2022-23 (Jul-Jun), while those of soybean fell in Indore, Madhya Pradesh due to an increase in arrivals, traders said.
* MUSTARD seed was sold at 6,425-6,450 rupees per 100 kg, down 25 rupees from Friday. Arrivals were pegged at 190,000 bags (1 bag = 84 kg), up 5,000 bags from the previous trading day, said Rupesh Parekh, a local trader.
* The output of the key oilseed is set to hit a record high this year, especially in the eastern region. It is expected to boost domestic oilseeds production and reduce the country's dependence on import of edible oil.
* Farmers in the country have sown mustard across 9.5 ha in the current rabi season as of Thursday, up 7.8% from a year ago, data from the farm ministry showed.
* Mustard production for 2022-23 (Jul-Jun) is seen around 1.25 mln tn, up 6% from last year due to conducive weather conditions, analysts said.
* In Indore, SOYBEAN was sold at 5,700 rupees per 100 kg, down 100 rupees from Friday because of an increase in arrivals, said N.K. Agarwal, a local trader.
* Arrivals were pegged at 4,000 bags (1 bag = 100 kg), up 1,000 bags from Friday.
* Prices are expected to remain steady in the coming week, Agarwal said.
End
Edited by Vidhi Verma
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2023. All rights reserved.
