Weekly Review-Mustard
15-Mar-2025 09:18 PM
Mustard prices soften due to increased arrival of new crop
Key Highlights (8–14 March, 2025)
Price Softening Due to New Crop Arrival
- Production Estimate:
- 2024-25 Season: 128.70 lakh tons (↓3.90 lakh tons from last year’s 132.60 lakh tons).
- Increased arrival of new crop and old stock exerting downward pressure on prices.
- Production Estimate:
State-wise Price Movement
- Delhi:
- 42% Condition Mustard: ↓ ₹100 to ₹6000 per quintal
- Jaipur: ↓ ₹50 to ₹6100 per quintal
- Gujarat (Deesa, Dhanera): ↓ ₹200 per quintal
- Haryana: ↓ ₹50–₹100 per quintal
- Madhya Pradesh (Gwalior): ↓ ₹200 to ₹5500/5600 per quintal
- Rajasthan: ↓ ₹100–₹400 per quintal
- Bikaner: ↓ ₹400 to ₹5100/5400 per quintal
- Uttar Pradesh:
- Hapur: ↓ ₹50
- Agra: ↓ ₹100
- Delhi:
Minimum Support Price (MSP) vs. Market Price
- MSP: ₹5950 per quintal
- Current market price for normal-quality mustard is much below MSP.
- Despite lower prices, arrivals in markets remain strong.
Increase in Mustard Arrivals
- 8 March: 7.25 lakh bags
- 10 March: 11 lakh bags
- 11 March: 11.50 lakh bags
- 12 March: 12.25 lakh bags
- Just before Holi: 4 lakh bags
- High arrivals are leading to increased mustard crushing, ensuring steady oil supply.
Mustard Oil Prices Decline
- Delhi (Expeller): ↓ ₹25 to ₹1290 per 10 kg
- Bharatpur: ↓ ₹60 to ₹1260 per 10 kg
Mustard Cake (DOC) Prices Show Mixed Trend
- Due to strong demand, DOC prices increased by ₹200–₹800 per tonne.
Market Outlook
- Mustard prices may remain under pressure in the short term due to strong arrivals.
- If farmers begin to hold back stock and demand picks up, a gradual price recovery is possible.
- Mustard oil prices are expected to stay stable with mild fluctuations based on demand.