Weekly Review-Mustard

15-Jun-2024 07:29 PM

Mustard prices fall due to reduced buying by oil millers
New Delhi. After remaining high and strong for the last three-four weeks, the price of mustard fell in the week of 7-13 June. In fact, due to good buying by government agencies as well as oil millers, the price of mustard jumped and reached close to or above the Minimum Support Price (MSP) after a long time, but after that the government purchase was stopped. The sale of farmers' produce at high prices also increased.

42% condition mustard

During the week under review, the price of 42 percent condition mustard fell by Rs 150 to Rs 6000 per quintal in Delhi and by Rs 75 in Jaipur to Rs 6100/6125 per quintal. The price of normal or loose mustard was down by Rs 45 in Gujarat's Deesa Mandi and Rs 100 in Dhanera Mandi Mandi. In the mandis of Haryana also, the price of mustard fell by up to Rs 250 per quintal. However, the price of mustard in Barwala and Sirsa was higher by Rs. 165 and Rs. 100 per quintal respectively.

Madhya Pradesh/Rajasthan

In Madhya Pradesh, the price of mustard was lower by Rs. 50 each in Morena and Porsa Mandi and Rs. 100 per quintal in Gwalior. A decline in the price of mustard was also seen in the most important producing state- Rajasthan. There, the price of mustard was weak by Rs. 100 in Ganganagar, Rs. 32 in Bharatpur and Rs. 100 in Alwar, but it increased by Rs. 100 in Kota and reached Rs. 5200/5800 per quintal. The price of mustard in Bundi fell by Rs. 400 and reached Rs. 5200 per quintal. The price of mustard in Bundi fell by Rs. 400 and reached Rs. 5200 per quintal. A decline of Rs. 75 each per quintal was also seen in the price of mustard in Hapur and Agra Mandi of Uttar Pradesh. Mustard Oil
The price of mustard oil also softened due to the fall in the price of mustard. In Delhi, it slipped by Rs 5 to Rs 1155 per 10 kg and in Ludhiana, it fell by Rs 20 to Rs 1140 per 10 kg.

Arrival

During the week under review, 5.50 lakh bags of mustard arrived in the major producing states on June 7, 5.00 lakh bags on June 8, 6.00 lakh bags on June 10, 6.00 lakh bags on June 11, 5.60 lakh bags on June 12 and 5.50 lakh bags on June 13. It is known that each mustard bag weighs 50 kg.