Mustard Market: Sharp Price Rise – What Next?
20-Mar-2026 05:06 PM
Mustard Market: Sharp Price Rise – What Next?
★ Mustard prices witnessed strong gains this week, with an increase of ₹200–₹575 per quintal across major mandis.
★ Jaipur (42% condition) reached ₹7,250, while Agra Saloni touched a high of ₹7,900.
★ Mustard oil prices also improved, with crude (kachchi ghani) and expeller rising by ₹55–₹100 per 10 kg.
★ Production is now estimated at around 117.5 lakh tonnes, lower than earlier expectations.
★ Unseasonal rains and strong winds damaged the crop, with lodging reported in many areas.
★ Mustard lying in fields/open areas was also affected. Higher moisture content has reduced oil recovery.
★ Harvesting is delayed by 10–15 days, leading to lower arrivals in mandis.
★ Due to poor quality, millers are increasing purchases of old crop.
★ Market prices are above MSP of ₹6,200, reducing the likelihood of government procurement.
★ Unlike previous years, lower government stock pressure is expected, meaning tender sales may not impact the market much.
★ If rains continue, prices may rise further.
★ If weather improves, arrivals will increase and prices may stabilize.
★ Profit booking is advised at current higher levels.
★ Fresh buying can be considered during peak arrivals.