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(Indicative Commodity Prices in
US$ PMT FOB port, India) 10th Oct - Seed - US$ 650-675 Though
the prices of soybean have crashed in Indian market but mustard stood its ground
otherwise both move in tandem. The mustard oil expeller prices were at usd 1210-1220
& refined at 1300-1310 at Mumbai market. 4th Sept. - US$ 710-740 The
mustard prices remained more or less on the same level but the Sep and Nov futures
prices in the local market were up by approx. 0.5%. The mustard oil expeller was
at USD 1410-1420 pmt in its producing region and at 1445-1455 in Mumbai wholesale
market. 2nd Sept. - US$ 710-740 The prices for mustard seeds moved
upwards. The Sept. and Nov. futures trading were up by around 1.5-2% during the
period. The prices of mustard oil as well its meal were up in the local market. 27th
Aug - US$ 700-725 The mustard seed prices were down by around 1% in local
market due to drop in prices of mustard oil but the depriciation of rupee made
it even more cheaper on export front. The Sept. and Nov. futures are trading at
approx. 4.5% and 6.5% down from present rates. 22nd August - US$ 725-760
The mustard prices showed the drop as mustard oil was down. The oil complex in
India mainly moves in the direction of soyoil which was southwards. |