Mustard seed
NCDEX Jaipur mustard seed prices, after reaching the record high of Rs 5,130 per quintal in October, corrected 11 per cent to the current level due to historical negative crush margins. Currently, prices are trading at Rs 4,566 per quintal. From this price, prices are expected to correct further due to recent stock limit order by the government of Rajasthan on seed and oil. For the coming week, prices are expected to correct downward towards Rs 4,480 per quintal.
Turmeric
Turmeric prices in Nizamabad market are currently trading at Rs 9,782 per quintal. Prices has moved higher in past few weeks, on the back of expectations of lower production. However, prices are expected to witness some correction in the coming days, tracking lower demand, and can move towards Rs 9,600 per quintal.
NCDEX Jaipur mustard seed prices, after reaching the record high of Rs 5,130 per quintal in October, corrected 11 per cent to the current level due to historical negative crush margins. Currently, prices are trading at Rs 4,566 per quintal. From this price, prices are expected to correct further due to recent stock limit order by the government of Rajasthan on seed and oil. For the coming week, prices are expected to correct downward towards Rs 4,480 per quintal.
Turmeric
Turmeric prices in Nizamabad market are currently trading at Rs 9,782 per quintal. Prices has moved higher in past few weeks, on the back of expectations of lower production. However, prices are expected to witness some correction in the coming days, tracking lower demand, and can move towards Rs 9,600 per quintal.
Prerana Desai,
Vice President-Research - Agri Value Chain, Edelweiss Integrated Commodity Management
Vice President-Research - Agri Value Chain, Edelweiss Integrated Commodity Management
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