Rapid rise in mustard seeds and oil
(Gujarat News Office) MUMBAI: Mustard seeds and oil prices rose in the Mumbai oilseeds market today, while prices of other domestic and imported edible oils remained sluggish. In the mustard seat futures market, prices rose by about 2.5 per cent today, while in the Mumbai spot market, the price of mustard oil jumped by Rs 150 per 10 kg and refined by Rs 150. Soybean futures were expected to stabilize today. However, in the Mumbai flour market today, the price of soymeal fell by an additional Rs 1,000 per tonne to around Rs 7-800. Prices of groundnut and sunflower meal also fell by Rs 800 to Rs 1,000 per tonne today. The others, however, were quiet. Market prices were under pressure amid hopes of increasing supply of overseas GM goods in soymeal. In the US agricultural markets, soyoil prices were projected to be 20 to 21 points higher in the projection this evening. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil remained quiet at Rs 150 today. While cottons...