Mustard: Prices Surge Sharply – What’s Next?
16-Jul-2025 08:46 AM
Mustard: Prices Surge Sharply – What’s Next?
★ Between May and July, mustard prices in various mandis across the country have increased by ₹825–₹850 per quintal, with a rise of ₹600 per quintal just from June to July.
★ Mustard oil prices have also surged by ₹240 per 10 kg from May to July, and by ₹190 per 10 kg between June and July.
★ The primary reason for this price rally is rising consumption ahead of the festive season. Moreover, consumers of mustard oil typically do not easily switch to other edible oils.
★ Mustard oil has a unique demand profile. While prices of other oilseeds are declining, mustard prices remain strong.
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What’s Next?
★ iGrain India believes that the demand for mustard is likely to remain steady.
★ Given the high prices, NAFED may accelerate the sale of its mustard stocks.
★ NAFED currently holds around 1.4 million tonnes of mustard, which could soon be released into the market.
★ This release could exert some downward pressure on prices.
★ According to iGrain India, mustard prices are expected to remain firm in the current scenario, although occasional corrections may occur.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.