Boost in Mustard Prices as Demand Increase

Mustard prices in India improved on Thursday, driven by increased purchases from oil mills at lower prices. In Jaipur, conditioned saw a price increase of USD 0,84 per kg, with daily arrivals reducing to just 2.25 lakh bags.

Global Edible Oil Market Sees Fluctuations

The international edible oil market showed signs of volatility, with Malaysian palm oil and Chicago soy oil prices both declining. While prices had risen on Wednesday, investor profit booking caused a softening. Despite this, mustard oil prices in India maintained an upward trend, though a slight decrease followed later in the day.

Limited Mustard Stocks Keep Traders on Edge

Traders highlighted that limited stocks among farmers and stockists could play a significant role in price movements. The ongoing consumption season has kept oil demand stable, but future price shifts may depend on global edible oil prices.

Palm Oil Futures Drop as Mustard Oil Sees Gains

December delivery palm oil futures on the Bursa Malaysia Derivatives Exchange witnessed a drop, with prices falling by USD 1,16 per kg. This decline occurred alongside a 0.16% drop in soy oil prices on the Chicago Board of Trade. The weakening of the ringgit against the dollar has led to a price rise in mustard oil for international buyers, with crude ghani oil in Jaipur increasing by USD 0,016 per kg.

Slight Dip in Mustard Cake Prices as Supply Remains Tight

Mustard oil prices climbed, while mustard cake prices softened slightly, falling by USD 0,006 per kg to USD 0,31 per kg. Daily arrivals across Indian mandis fell to 2.25 lakh bags, down from the previous day's 3.50 lakh bags.

Conclusion: Mustard Market Reacts to Global Trends and Domestic Supply

The market is witnessing fluctuations due to both domestic and global factors. While demand from oil mills keeps prices steady, limited stock availability and international trends could further influence market dynamics in the coming weeks.





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