Mustard prices might extend losses today in line with soy complex as fresh arrivals are gaining momentum across Jaipur and Alwar markets.
Crushers are not actively involved in buying and scenario is same with stockists as the meal demand is absent currently across spot markets.
However panel of member from china might visit Indian to check the crushing technologies and possible remove the ban on Indian oil meal imports. Production estimates are still around 65 lakh tons compared to 70 lakh tons last year.
Solvent Extractor’s Association survey is due during this might which would project clear estimates for mustard production for 2012.
Courtesy: Karvy Comtrade Ltd.
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