Mustard prices surge toward new record highs
New Delhi. Driven by limited supplies in key markets across major producing states, coupled with robust demand from oil millers and traders, mustard prices are surging rapidly toward new record highs. This is generating excellent returns for farmers, which may further boost their enthusiasm and interest in cultivating this oilseed during the current Rabi season.
Mustard (42% condition)
During the week ending October 10, the price of mustard (42% condition) rose by Rs 200 per quintal in both Delhi and Jaipur, reaching peak levels of Rs 8,900 and Rs 9,150 per quintal, respectively.
Mustard
Prices for average-quality mustard increased by Rs 100 to Rs 300 per quintal in markets across Rajasthan, Uttar Pradesh, Madhya Pradesh, Haryana, and Gujarat. In Gujarat’s Deesa market, prices climbed by Rs 350 per quintal. In Haryana’s Adampur and Charkhi Dadri, prices improved by Rs 150–200, while in Gwalior (Madhya Pradesh), they rose by Rs 100. In Rajasthan, prices increased in Bharatpur and Alwar, whereas they softened in Kota. In Uttar Pradesh, prices in Hapur and Agra saw an increase of Rs 100–150; in Agra, the price of mustard surged to a new record high of Rs 10,000 per quintal.
Mustard Oil / Kachi Ghani
The surge in mustard prices naturally impacted the cost of mustard oil, with prices rising by Rs 20 to Rs 40 per 10 kg. In Delhi, the price of expeller mustard oil climbed by Rs 40, reaching a high of Rs 1,790 per 10 kg. Similarly, in Alwar, the price of mustard oil increased by ₹40, with the price of *kacchi ghani* (cold-pressed) mustard oil reaching a peak of ₹1,800 per 10 kg. In Hapur, the price of *kacchi ghani* mustard oil rose by ₹20, reaching a range of ₹1,880–₹1,920.
Arrivals
The average daily arrival of mustard is between 2.00 and 2.25 lakh bags (each weighing 50 kg), while demand exceeds this volume.
