Mustard prices lower than support prices
Mumbai, Ta. March 14, 2020, Saturday
There was a new demand in the Mumbai oil-seeds market today. Trades were slow and price fluctuations kept narrow. Chicago soybean futures in the US on the world market overnight fell 5 points. While there, soybean futures fell 5 points in the night. Meanwhile, there was news of soybean futures picking up 5 points.
New York Cotton futures, however, were reported to rise overnight by 5 points. Meanwhile, prices in the domestic Mumbai market today stood at Rs 5 per kg of hawala resale and Rs 6 for JNPT. New trades were slow.
Prices of crude palm oil CPO Kandla remained at Rs 5, while there was news that crude oil prices in the world market were rising again on Friday night. Following this, the informants were showing the possibility that the market would be supported by reducing food prices in the world market. Meanwhile, the futures price of CPO futures in the domestic futures market last closed at Rs. While the futures of Soyatel were finally reported to be closed at Rs.
Meanwhile, in the spot market in Mumbai today, the price of 5 kg was Rs. 1 to Rs. 5 for Rajkot, while the price of Rajkot was Rs. 2 and Rs. 5 to Rs. Cotton washed prices were at Rs 5 to Rs 3 and in Mumbai market today, cottonseed oil prices were Rs. The prices of soyetail were Rs. 1 for digam and Rs. 1 for ref. Sunflower prices were at Rs 1 and refinery at Rs.
Mustard prices were Rs 1 and Copperl was Rs. The prices of Mumbai and Diwali and castor spot were calm today. Meanwhile, the farmers who are growing mustard have become worried as the prices of mustard are falling amid hopes and slow demand for a new crop in Mastrad. The present price of the Mustard in Bharatpur district in Rajasthan was Rs. 1 months ago in Kiv.
Given that the government's support price is Rs. 1, the support price has reduced the market prices of the establishments. Further, the headquarters were reporting the possibility of new arrivals rising and prices coming down. However, recent production of rains has also been reported by some manufacturing centers in Rajasthan.
Meanwhile, according to news from the Kopra market, the government had raised the minimum support price of Kopra by 8% to Kiv's Rs. The prices have been fixed for milling kopara while in Karnataka, the support of matcha ball type copra has been increased by only 8 per cent.
Groundnut arrivals today were reported at around 3 times the Gondal side and Rajkot side at around 3,000 and the present prices of groundnut were Rs 1 to Rs 5 per kilo.
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