India Edible Oil: Spot mustard down on poor demand; soybean steady

Informist, Friday, Jul 22, 2022


By Puja Das


NEW DELHI – Prices of mustard fell in the benchmark market of Jaipur, Rajasthan, due to weak demand from domestic oil millers and crushers, while prices of soybean remained flat in Indore.


* MUSTARD was sold at 6,800-6,825 rupees per 100 kg, down 25 rupees from Thursday, despite arrivals being lower at 200,000 bags (1 bag = 84 kg) compared with 220,000 bags on Thursday.


* Even though India's mustard seed production is seen at a record high in 2021-22 (Jul-Jun), farmers are not bringing their produce to the market in large quantities as they are waiting for prices to rise further, said a trader with Manishankar Oils.


SOYBEAN prices were steady at 5,800-6,000 rupees per 100 kg, and arrivals were unchanged at 1,500 bags, Indore-based trader N.K. Aggarwal said.


* Farmers are likely to bring more produce to the market when prices move upwards. However, it depends on the weather conditions, he said.


* Soybean prices are likely to trade in a range for rest of the week, Aggarwal said.  End


Edited by Ashish Shirke


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 (11) 4220-1000

Send comments to


© Informist Media Pvt. Ltd. 2022. All rights reserved.

Other News

Informist Poll:Fading base effect may drag Jul-Sep GDP growth to 6.3%

Informist, Monday, Nov 28, 2022 By Aditya Saroha and Priyansh Verma NEW DELHI – Growth in the Indian economy likely slowed to 6.3% in Jul-Sep from 13.5% a quarter ago, largely due to fading away of the statistical effect of a low base, according to an Informist poll of 23 economists. At 6.3%, the GDP growth rate will be in […]

Windfall gain tax mop-up about 150 bln rupee so far, says govt source

Informist, Monday, Nov 28, 2022 By Priyasmita Dutta and Sagar Sen NEW DELHI – The government has mopped up about 150 bln rupees so far from the additional tax imposed on windfall gains of domestic crude oil producers and petroleum product exporters following the sharp rise in oil prices globally. "The collection from the windfall gains tax will be nearly 140-150 bln […]

Equity Futures: Bullish bets in upstream oil cos as crude prices fall

Informist, Monday, Nov 28, 2022 By Vaibhavi MUMBAI – Traders aggressively bought futures and options of upstream oil companies today, anticipating more gains in these counters, as a drop in Brent crude oil prices eased pressure on their profitability. Brent crude futures slumped to an over 10-month low of around $81 per barrel as surging COVID-19 cases in China and the consequent […]