India Edible Oil: Spot mustard, soybean prices up as demand improves

Informist, Friday, Oct 7, 2022


By Sayantan Sarkar


MUMBAI – Prices of mustard in the benchmark market of Jaipur, Rajasthan, and soybean in Indore, Madhya Pradesh, rose today due to rise in demand from domestic oil millers and crushers.


* MUSTARD was sold at 6,325-6,350 rupees per 100 kg, up 75-100 rupees from Thursday. Arrivals were steady at 225,000 bags (1 bag = 84 kg).


* Demand for the oilseed is seen rising from next week, ahead of Diwali. However, increased supply is likely to keep prices in check ahead of sowing of the new crop, said Rupesh Parekh, a trader with Marudhar Trading.


* Farmers may begin planting rabi mustard from the first week of November, Parekh said.


* Prices of SOYBEAN rose in Indore due to fall in arrivals of the oilseed. The fresh soybean crop has started arriving since a week in Laxmi Nagar and Seoni, key spot markets of Indore.


* In Indore, the new soybean crop fetched 4,700 rupees per 100 kg, up from 3,500-4,500 rupees on Thursday. Arrivals were also lower at 5,000 bags (1 bag = 90 kg) compared with 7,000 bags the previous day.


* Arrival of the fresh crop is expected to increase over the next few days, pulling down prices. However, a lot depends on weather conditions, local trader N.K. Agarwal said.


* Due to unseasonal rainfall, the standing oilseed crop has been damaged, and about 10% of output from the total sown area is expected from Indore district, he added.  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: Gold may struggle in Feb as focus on Fed rate hikes

Informist, Tuesday, Feb 7, 2023 By Sayantan Sarkar MUMBAI – After starting the year strong, gold prices may struggle to maintain the momentum in February due to the dollar's appreciation against major currencies and worries that the US Federal Reserve will continue to increase rates in the future. In the domestic market, the rupee's depreciation against the dollar […]

India Gilts Review: End tad up as OIS rates fall; MPC outcome eyed

Informist, Tuesday, Feb 7, 2023 By Anjali and Kasthuri Akhil MUMBAI/NEW DELHI – Government bond prices ended slightly up tracking a fall in overnight indexed swap rates, dealers said. Meanwhile, traders maintained caution ahead of the central bank's monetary policy decision due Wednesday, which limiting the gains. The 10-year benchmark 7.26%, 2032 bond ended at 99.66 rupees, or 7.31% yield, against 99.59 rupees, or 7.32% […]

INTERVIEW:Consumer affairs secy sees food price mostly stable this yr

Informist, Tuesday, Feb 7, 2023 –Consumer affairs secy: See vegetables, pulses prices stable this year–Expect wheat prices to fall further–Will procure tur over MSP via e-auction–NAFED to procure 250,000 tn onion in FY24 too–Expect onion crop to be bumper 2023-24–NAFED to continue procurement of pulses–Imported tur procurement halt only temporary–To procure tur, urad irrespective of MSP By Arunima […]