Farmer friends, we often tell in our reports on Super Mandi Bhav that the price of any crop goes up and down depending on the time of the season. Generally it is seen that during the harvesting season the prices of that crop go down due to increase in supply. However, there is an exception to this that if there is a possibility of reduction in production during the season, the prices may suddenly increase. You have seen these ups and downs in the case of paddy, wheat, mustard, gram and garlic. Otherwise, it is generally seen that when the farmer has a crop, the price of the crop remains at the lowest level.
Mustard Price: Farmer friends, we all have seen the plight of mustard in the last 1-2 years. How the prices of mustard, after falling from the level of 8000, are now hovering around 5000. For the last 1-2 weeks, mustard prices have moderated a bit and now it seems that the bullish phase of mustard has ended. But the big question is whether this has really happened? To find the answer to this question, you should read this article till the end?
Latest Market Update (Mustard Price)
Due to the ongoing rise in edible oils in foreign markets and continued purchases by domestic oil mills, mustard prices were seen rising in the domestic market for the third consecutive day on Friday. Friday’s rally was a very decisive rally. Condition Mustard price in Jaipur increased by Rs 75 to Rs 5550 per quintal. However, the MSP level is still Rs 100 away. On Friday, branded oil mills saw a rise of Rs 25 to Rs 75. In Dadri also, after a long time, the price of condition mustard was seen around Rs 5450. If we talk about Rewari Mandi, the top price was recorded at Rs 5350 per quintal. Mustard prices increased by Rs 100 in Khairthal and Gangapur mandis. Due to the festival of Mahashivratri, many markets remained closed. That is why the total arrival in the mandis has come down to around 5 lakh bags.
Mustard crossed Rs 6000 at Saloni plant
Farmer friends, after several days, the price of mustard at Saloni plant has again crossed the level of Rs 6000. The top rate of old mustard at Saloni plant on Friday was Rs 6025. Whereas the price of new mustard was seen up to 5925. For mustard to remain bullish continuously, it is important that these prices hold this level for the next 2-4 days. At Goyal Kota plant also, the price of mustard increased by Rs 75 per quintal and reached the level of Rs 5300. An increase of Rs 125 has also been seen at Ruchi Plant.
Updates from foreign markets
There was a mixed trend in the prices of edible oils in the world market. After several days of sustained rally, Malaysian palm oil prices weakened in the evening session on Friday, while soy oil prices rose in Chicago. According to market experts, the prices of Malaysian palm oil have increased recently. According to experts, amid Argentina’s troubles, India is facing shortage of soybean and sunflower oil.
Estimate of increase in arrivals
Farmer friends, the weather is clear in mustard producing states. Experts say that if the weather remains favorable in future, the arrival of mustard will increase further. As you all know that this year the production estimate of mustard is high, due to which oil mills are purchasing only as per requirement at this time. Due to the boom in foreign markets and the consumption season in the domestic market, the demand for mustard oil still remains. And due to the continuous increase in imported edible oils, there is a slight improvement in the prices of mustard and oil in the domestic market. It should be known that due to increasing inward pressure, there may be some recovery in the coming time but the possibility of any major rise is still less.
prices of oil and mortar
In Jaipur, the prices of mustard oil, raw material and expeller increased for the second consecutive day. The price of raw Ghani mustard oil increased by Rs 10 to Rs 1,041 per 10 kg, while the price of mustard expeller oil also increased by Rs 10 to Rs 1,031 per 10 kg. In Jaipur on Thursday, the price of mustard cake increased by Rs 15 to Rs 2,540 per quintal.
Arrival of Mustard
The daily arrival of mustard in the mandis across the country increased to 5.00 lakh bags, whereas the arrival on the previous trading day was 9.50 lakh bags. Out of the total arrivals, 2.25 lakh bags of new mustard were found in the mandis of the major producing state Rajasthan, while 75 thousand bags were found in the mandis of Madhya Pradesh, 75 thousand bags in the mandis of Uttar Pradesh, 75 thousand bags in the mandis of Punjab and Haryana and 35 thousand bags in Gujarat. thousand bags, and 75 thousand bags arrived in the markets of other states.
hold or sell mustard
Friends, due to the ongoing crisis for many months, edible oils were not being bought, due to which the buying inclination of importers of edible oils at the port has weakened and there is a decrease in the stock of edible oils. It is noteworthy that the decreasing stock of edible oils at Kandla has reached a worrying level. The demand for the festival season has also increased further due to which the purchases have increased. Palm has got further strength from the perception of decline in Malaysia palm oil stocks and production. Soy supplies from Argentina are sluggish. The global supply of soybean is still a matter of debate. Friends, what I mean to say is that at present the foreign markets are showing a bullish trend whereas the fundamentals in the domestic market are weak due to increase in mustard production, hence the expectations of a big rise may also get a setback. Super Mandi Bhav believes that soon the arrival of mustard will cross the level of 10 lakh bags. Therefore, without taking too much risk, one should keep withdrawing small amounts on every rise of 100-200. You have to do the rest of the business at your own discretion.
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