Mustard seed prices fell in Jaipur due to weak demand

Mustard seed prices fell in Jaipur due to weak demand from oil millers coupled with higher arrivals. Demand also fell as stockists have reined in their purchases, waiting for prices to fall once rabi crop arrivals start later this month. In Jaipur, the oilseed sold at 4,130-4,135 rupees per 100 kg, down 15-20 rupees from previous day. Arrivals across the country were pegged at 120,000 bags (1 bag = 85 kg) against 115,000 bags. On NCDEX, January mustard seed contract was down 0.3% at 3,931 rupees per 100 kg.
Futures contracts of soybean and mustard fell today on domestic exchanges, while those of refined soyoil, and crude palm oil rose.

Total of 29,265 hectares of land in 11 upazilas of the district have been brought under mustard cultivation this year, compared to their preset target of 25,000 hectares. The maximum produce was reported in the Manda upazila, where mustard was harvested in 6,200 hectares of land, followed by 4,100 hectares in Patnitala, 3,530 hectares in Niamatpur, 3,000 hectares in Atrai, 2,750 hectares in Sapahar and many others.