India’s mustard stocks as on Feb 1 are seen at 342,000 tn, up 47% from 232,000 tn a year ago. New crop arrivals of mustard, sown during Oct-Nov, typically begin by February and gather pace by Mar-Apr
Prices of mustard seed were up in Jaipur, Rajasthan due to rising demand from domestic oil millers and crushers amid a fall in the acreage of the oilseed. A fall in arrivals also supported prices
Mustard seed prices were up in Jaipur, Rajasthan due to improved demand from domestic oil millers and crushers amid a fall in arrivals. A fall in the acreage of the oilseed also supported prices.
Prices of mustard seed rose in Jaipur due to a decline in the area under the oilseed and higher demand from oil millers and crushers. The area under the mustard crop across the country fell 5% on year to 6.7 mln ha in the 2017-18 (Jul-Jun) rabi season. Lower arrivals also supported prices of the oilseed.
India’s mustard output in 2017-18 (Jul-Jun) is seen falling nearly 10% to 5.9 mln tn due to a decline in acreage amid dry weather conditions. Mustard acreage in the ongoing rabi season has declined due to low moisture level on the back of prolonged dry spell in key growing areas. Diversion of sown area to chana due to better realisation in the previous season had a negative impact on mustard acreage
Prices of mustard seed fell in Jaipur due to low demand from oil millers. However, mustard futures rose on concerns over forecast of cloudy weather in key growing areas of Rajasthan. Cloudy weather may hit growth of the oilseed crop, making it vulnerable to pests and lower yield. The most-active April contract was 4,172 rupees per 100 kg, up 0.9% from the previous close.
Mustard seed was quoted lower in Jaipur due to a rise in arrivals amid subdued demand from stockists and oil millers after a recent surge in prices. Expectations of a decline in output of the oilseed in Rajasthan cushioned the fall in prices to some extent.
Futures contracts of mustard seed on the NCDEX fell, tracking losses in the benchmark market of Jaipur. Prices of mustard seed fell in Jaipur due to a rise in arrivals amid subdued demand from domestic stockists and oil millers after a recent surge in prices. Expectations of a fall in output of the oilseed in Rajasthan, however, cushioned the fall in prices. The most active April contract on the NCDEX was down 30 rupees.
Futures contracts of mustard seed fell on NCDEX as traders booked profits after prices hit a one-year high. Expectations of a lower output in Rajasthan, the key growing state of the oilseed, however, cushioned the fall in prices.
Prices of mustard seed were up in Jaipur due to a fall in arrivals along with improved demand from domestic oil millers and crushers. Expectations of a fall in output of the oilseed in Rajasthan further supported prices. Production of mustard in Rajasthan, a key grower of the commodity, is seen falling 16% on year to 3.2 mln tn, according to the second advance estimates.
Futures contracts of mustard seed rose as reports of government procurement of the rabi oilseed improved market sentiment. NAFED was likely to procure around 500,000 tn of new mustard crop in Rajasthan. Gains in soybean contracts are also seen supporting mustard prices. Soybean and mustard contracts take cues from each other as these are used as substitutes.
The rain spell on Tuesday over the northern plains leading to drop in temperatures and cold weather conditions would benefit standing rabi crop, especially wheat, gram and mustard. The weather office has forecast cold wave conditions to continue over Punjab, Haryana, west UP and north Rajasthan for the next two days. It is especially beneficial for wheat, gram, mustard and other rabi crops.Overall the acreage is down for oilseed, but if the rains in January and February are good then we can make up in yields. Mustard requires 2-3 spells of rain and the current spell will be beneficial
Rapeseed is now becoming once again a topical subject for the oilseed sector of agriculture. Remarkably, this involves not only forecasts for the next season 2018/19, but also expectations about the results of the current marketing year. Seemingly, the most active part of MY 2017/18 for the rapeseed market is already over and its final results can be stated with high probability, but the current season’s trends make us adjust the supply and demand balance for this oilseed. The brisk pace of rapeseed exports seen in the first half of MY 2017/18 suggests that Ukraine will ship abroad up 1045 KMT from MY 2016/17. So, it is going to hit a four-year high.
Prices of mustard seed were up at Jaipur in Rajasthan due to demand from crushers. There is good demand for the oilseed for mustard meal. Gains in soybean prices were also seen supporting mustard prices. The most active April futures of mustard seed on the NCDEX are up 0.7% at 4,102 rupees
Arrivals of mustard seed from the new crop have commenced in the key market of Kota in Rajasthan, but low demand for the commodity weighed on prices. Prices of the oilseed were down compared to last year, due to lacklustre demand from domestic oil millers and crushers. The new arrivals, which contain 18-20% moisture.
According to the National Statistics Committee of the Republic of Belarus, soybean imports grew to 106 KMT in the first 11 months of 2017 that is up 51% year-on-year. Rapeseed supplies decreased 21% to 4.2 KMT. At the time, the key soybean exporter to the country was Ukraine (106 KMT), while the rapeseed was supplied mostly by Russia (3.9 KMT).
Prices of mustard seed were down in Jaipur because of weak demand from domestic oil millers and crushers. The arrivals in Rajasthan, however, were unchanged. On NCDEX, the most-active April contract of the oilseed was down 1 rupee from the previous close.
Mustard seed prices down in Jaipur on weak demand
Frost in Sri Ganganagar, Rajasthan damages mustard crops, situation to improve.
Mustard seed prices down in Jaipur as arrivals rise