Moderate improvement in mustard prices amid routine trading
New Delhi: Driven by strong demand for oil and oilcake, crushers and processors have shown increased interest in purchasing mustard. Consequently, wholesale market prices for the commodity rose by ₹100–200 during the week of October 31 – November 5.
Rajasthan
In Kota, Rajasthan, limited arrivals coupled with robust buying interest pushed mustard prices up by ₹700, reaching a peak of ₹8,500–9,200 per quintal.
42% Condition Mustard
Similarly, the price of 42% condition mustard increased by ₹150 in Delhi, reaching ₹9,350 per quintal, while in Jaipur, it rose by ₹100 to hit a record level of ₹9,450 per quintal.
Mustard
During the week under review, prices for average-quality mustard in most markets across Haryana, Madhya Pradesh, Uttar Pradesh, and Rajasthan either remained stable or saw an increase of ₹50–100 per quintal. Prices rose by ₹200 in Kolkata and by ₹150 in Newai-Tonk.
Mustard Oil / Kachi Ghani
Prices for mustard oil (expeller and Kachi Ghani) also saw an increase of ₹2–3 per kg. In Delhi, the price of expeller mustard oil rose by ₹15 to ₹1,820 per 10 kg, while in Charkhi Dadri, it increased by ₹25 to ₹1,835 per 10 kg. Prices in Morena rose by ₹30, whereas in Kota, both expeller and Kachi Ghani mustard oil saw an increase of ₹36 each, reaching ₹1,832 per 10 kg and ₹1,851 per 10 kg, respectively. During the festive season, the demand for and consumption of mustard oil typically increase, keeping prices high.
Arrivals
At the national level, daily arrivals of mustard in major wholesale markets (mandis) range between 1.50 and 2.25 lakh bags (each weighing 50 kg).
Demand and Supply
Prices fluctuate based on demand and supply dynamics. Wholesale market prices for mustard are currently about 40–50 percent higher than the Minimum Support Price (MSP). Sowing has already commenced.
