Mustard seed gains tracking gains in other oilseed gains though arrivals of new rapeseed crop limited the gains.
Arrivals of rapeseed from the new crop in Rajasthan state, the biggest producer of the oilseed in the country, are expected to pick up by mid-February.
Wire story reports China group to import more Canadian rapeseed meal increasing its annual purchases into the year 2015; China imported 671,000t or rapeseed meal from Canada in 2011, a decline of 10%; due to lower prices, imports of India rapeseed meal increased 84% to 648,000t; national imports of rapeseed meal in 2011 totaled 1.4 mt, an increase of 14%.
According to PIB total area under oilseeds cultivation is reported to be 84.35 lakh hectares against 93.15 lakh hectare last year.
Higher area has been reported under oilseed crops in Tamil Nadu (1.04 lakh hectare), Jharkhand (0.63 lakh hectare), Uttar Pradesh (0.51 lakh hectare), Gujarat (0.37 lakh hectare), and Assam (0.21 lakh hectare). In the Sri Ganganagar spot market in Rajasthan the price edged up by 45 rupee to 3400 rupees per 20 kgs.
Trading Ideas:
RM Seed trading range for the day is 3367-3459.
Mustardseed gains tracking gains in other oilseed gains though arrivals of new rapeseed crop limited the gains
Arrivals of rapeseed from the new crop in Rajasthan state, are expected to pick up by mid-February
Total area under oilseeds cultivation is reported to be 84.35 lakh hectares against 93.15 lakh hectare last year
In the Alwar spot market in Rajasthan the price edged up by 45 rupee to 3400 rupees per 20 kgs.
Courtesy: Kedia Commodities
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