Futures contracts of mustard seed were down on the NCDEX due to a rise in stocks of the oilseed at exchange-accredited warehouses. The most-active December contract was down 0.6%, on NCDEX. Stocks of mustard seed at the warehouses were at 2,608 tn compared with 1,566 tn a week ago.
Mustard seed prices rose in Jaipur due to a fall in arrivals, coupled with rising demand from domestic oil millers and crushers. Delayed sowing in key growing areas and export demand for mustard meal also supported prices in the domestic market.
Mustard acreage across the country was down 3.5% on year at 3.71 mln ha as of Thursday. In Rajasthan, the largest mustard producing state, sowing was at 1.47 mln ha, down 27.4%. Though mustard doesn’t need much water, the state did not receive any rainfall during Oct 1-Nov 8.
Prices of mustard seed rose in Jaipur, Rajasthan, due to a rise in export demand for mustard meal. India Apr-Oct mustard meal exports were at 317,691 metric tonne, up from 161,272 metric tonne a year ago. A fall in arrivals coupled with improved demand from domestic oil millers and crushers, further lifted mustard seed prices.
Mustard seed prices advanced in futures trading in line with upbeat sentiments at spot markets. Mustard prices rose at spot markets on strong demand from oil mills amid tight supplies from producing belts. NCDEX, mustard seed to be delivered in December month spurted by 1.01 per cent
Mustard seed prices rose in Jaipur, Rajasthan, due to strong demand from domestic oil millers and crushers. Arrivals are insufficient to meet the rising demand, and this supported prices. Delayed sowing in key growing areas due to adverse weather conditions further supported mustard seed prices.
Mustard seed prices rose in benchmark market of Jaipur, Rajasthan, as demand for the oilseed from crushers and oil millers improved amid a fall in arrivals. Delayed sowing in key growing areas due to adverse weather conditions also supported mustard seed prices. Mustard oil mills across the country crushed 450,000 metric tonne of the oilseed in October, up nearly 6% from the previous month.
Mustard seed prices up in Jaipur, Rajasthan, due to a fall in arrivals coupled with renewed demand from domestic oil millers and crushers. Arrivals in Rajasthan estimated at 50,000 bags (1 bag = 85 kg) compared with 60,000 bags. Expectation of a hike in import duty on edible oils further supported mustard seed prices
Mustard oil mills across the country crushed 450,000 metric tonne of the oilseed in October, up nearly 6% from last month. Crushing of mustard seed in October improved on month because of a pick-up in arrivals in wholesale markets, as growers sold the commodity to raise money to arrange agri-inputs to saw rabi crops. Since the beginning of the crushing season in February, oil mills have crushed about 4.8 million metric tonne of mustard seed, compared with total supply of 5.0 million metric tonne during the period.
Olam Agro India took delivery of 1,690 metric tonne mustard seed on the National Commodity and Derivatives Exchange under the October contract. At 850 metric tonne, Gemini Edibles & Fat India made the highest delivery of mustard on the exchange.
Mustard seed prices rose in Jaipur, Rajasthan, due to expectations of a hike in import duty on edible oils soon.Expectations of fall in mustard acreage this season due to low soil moisture also pushed prices higher.
Mustard seed prices were up in Jaipur, Rajasthan, owing to renewed demand from domestic stockists after prices hit a one-week low. A fall in arrivals also supported prices. Sowing has commenced in Rajasthan and Haryana and is likely to improve in the coming days. This capped the gains in mustard seed prices.
This time math of Rabi crops has become messy and enough time has passed for sowing of mustard. Therefore, sowing area of mustard and gram fixed to down. The Agriculture Department has set a target of sowing mustard in 26 lakh hectares area, out of which only 11 lakh hectares have been sown in mustard. This year, the department is still pursuing the mustard sown in 20 lakh hectares. Due to high temperature, sowing has affected due to lack of moisture into the soil. At the same time, the farmers are avoiding sowing due to lack of adequate electricity.
Mustard seed prices were down in Jaipur, Rajasthan, due to a rise in arrivals coupled with subdued demand from domestic stockists. Sowing activities have started in Rajasthan and Haryana and are likely to improve in coming days, thereby creating bearishness in the market.
Prices of mustard seed fell in Jaipur because of subdued demand from domestic stockists after a near two-month high. A rise in arrivals also weighed on mustard seed prices. Supplies have increased because farmers have offloaded more of their produce in order to avail of the higher prices.
Futures contracts of mustard seed on NCDEX declined for the second straight day as investors booked profit after the commodity hit a seven-month high. The most active November contract on NCDEX traded down 1.5% from the previous close.
Prices of mustard seed were up in Jaipur, Rajasthan, owing to higher demand from domestic oil millers and crushers, as well as limited supplies. Higher temperatures in key growing areas have delayed sowing, creating bullishness in the market. Prices of mustard seed also received support after the government raised the minimum support price of the oilseed for the coming rabi marketing season.
Facing stiff opposition from various quarters, India has deferred the commercial release of locally developed genetically modified mustard.
The November contract of mustard on the National Commodity and Derivatives Exchange touched a nearly seven-month high due to a rise in minimum support price. Futures contracts of mustard have largely been on a rise in the past couple of weeks and are likely to trade higher. In the long term too, prices of the oilseed are seen rising, supported by firm demand for mustard oil with the advent of winters.
IMD’s Agrimet division has advised farmers in Gujarat to prepare land for sowing of rabi mustard and fennel. It has asked growers to procure certified mustard seeds–Gujarat Mustard 1, 2, 3 or 4–for sowing. For sowing of rabi fennel, it has suggested certified seeds like Gujarat Fennel 2, 11, and 12.