Spot Market Update: Mustard seed Down On Poor Meal Demand

Selling extended in mustard seed on weakness in oilmeal export demand. As per latest data compiled by Ministry of Agriculture, cultivators have sown oilseeds in 0.9 lakh hectare so far this kharif season as against 1.08 lakh hectare in the same period last year.Traders stated that spot prices decreased by more than Rs 10 per quintal today in Jaipur, while arrivals were reported in the range of 1.50-2 lakh bags.