Spot Market Update: Mustard Trades In Red

Limited crushing demand is weighing on spot mustard market. Traders are also eyeing the latest sowing figures. As per latest data compiled by Ministry of Agriculture, cultivators have sown oilseeds in 11.24 lakh hectare so far this kharif season as against 7.23 lakh hectare in the same period last year. Traders stated that spot prices decreased by more than Rs 15 per quintal today in Jaipur, while arrivals were reported in the range of 2.50-3 lakh bags.