Weekly Review-Mustard

13-Jan-2025 11:15 AM

Some improvement in mustard prices due to buying by oil mills


Weekly Review: Mustard (January 4-10, 2025)

Market Overview: The mustard market saw some improvement in prices during the week of January 4-10 due to reduced daily arrivals and continued purchasing by oil mills. The prices either remained stable or increased by up to Rs 100 per quintal across various markets.

Mustard Prices:

  • 42% Condition Mustard:
    • Delhi: Stable at Rs 6400 per quintal.
    • Jaipur: Increased by Rs 100, reaching Rs 6500/6525 per quintal.
    • Hisar (Haryana): Increased by Rs 200 to Rs 5800/6000 per quintal.
    • Hapur (Uttar Pradesh): Increased by Rs 50 to Rs 6600 per quintal.
    • Agra: Increased by Rs 100 to Rs 6700/7200 per quintal.
    • Other regions in Haryana, Rajasthan, and Madhya Pradesh saw price variations of Rs 50-100 per quintal.
  • Minimum Support Price (MSP): The Central Government raised the MSP for mustard by Rs 300, from Rs 5650 per quintal in 2023-24 to Rs 5950 per quintal for the 2024-25 season.

Mustard Oil:

  • Demand and Consumption: There was a notable increase in demand and consumption, pushing up prices by Rs 1 to Rs 3 per kg.
  • Expeller Mustard Oil:
    • Delhi: Increased by Rs 15 to Rs 1335 per 10 kg.
    • Charkhi Dadri: Increased by Rs 30 to Rs 1365 per 10 kg.
    • Other centers saw an increase of Rs 10-20 per 10 kg.
  • Kachi Ghani Mustard Oil: Prices rose by Rs 20 to Rs 30 per 10 kg.

Market Arrivals:

  • Daily arrivals ranged from 1.45 lakh to 2 lakh sacks, with each sack weighing 50 kg.
  • Regional arrivals were as follows:
    • Rajasthan: 60,000 to 80,000 sacks daily.
    • Madhya Pradesh: 15,000 to 25,000 sacks.
    • Uttar Pradesh: 20,000 to 25,000 sacks.
    • Haryana: 5,000 sacks.
    • Gujarat: 10,000 to 15,000 sacks.
    • Other states: 35,000 to 50,000 sacks.

Mustard DOC:

  • Price Movement: Irregular demand in mustard DOC led to a Rs 200 per ton drop in Kota. However, in Baran and Shivni, prices rose by Rs 500 per ton.

Overall, the mustard market experienced price stability and moderate increases due to steady demand from processing units and a reduction in arrivals.

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