Weekly Review-Mustard

18-Jan-2025 08:47 PM

Mustard prices soften due to slowdown in oilseeds market

Price Movement: Mustard prices have softened, influenced by a slowdown in the edible oilseeds market. This week, mustard prices fell by Rs 100 to Rs 200 per quintal. In Bundi, Rajasthan, the price dropped by Rs 700 to Rs 5800 per quintal.

• In Delhi, the price of 42% condition mustard decreased by Rs 150 to Rs 6350 per quintal.
• In Jaipur, it dropped by Rs 100 to Rs 6450 per quintal.
• The price in Hapur and Agra (Uttar Pradesh) weakened by Rs 125-150 per quintal.
• Markets in Gujarat, Haryana, and Madhya Pradesh saw a decline of Rs 100-200 per quintal.
• In Rajasthan, the price fell by Rs 100-130 per quintal in most markets.

Sowing and Crop Outlook: For the current Rabi season, mustard sowing has decreased by 4-5 lakh hectares compared to last year, reaching a total of 88.50 lakh hectares. Despite this, the condition of the crop is generally good. Harvesting is expected to begin next month (February), leading to an increase in market arrivals. This could put additional pressure on prices. Government agencies like NAFED and HAFED still hold significant stocks of mustard.

Mustard Oil: The price of mustard oil has also dropped during the week of January 11-17:

• In Delhi, expeller prices decreased by Rs 25 to Rs 1315 per 10 kg.
• In Bharatpur, the price fell by Rs 40 to Rs 1280 per 10 kg.
• In Ludhiana, the price dropped by Rs 45 to Rs 1315 per 10 kg.
• Prices in Kota and Bikaner were also weak.

The daily arrival of mustard in domestic markets ranges between 1.40 to 2.00 lakh bags (50 kg per bag).

Mustard Cake (DOC): Demand for mustard cake and De-oiled Cake (DOC), both domestically and for export, remains weak, which continues to impact the overall market.