Weekly Review-Mustard

01-Mar-2025 07:47 PM

Weekly Review-Mustard

Some softening in mustard prices due to sporadic arrival of new goodsMarket Overview:

The mustard market has experienced some softening in prices due to the sporadic arrival of new mustard crops, particularly in Rajasthan and Uttar Pradesh. The pace of new harvests is expected to pick up significantly in March, which will help ease the supply and availability situation in various markets. Despite a decrease in the national sowing area for mustard, the crop's condition is reported to be satisfactory.

Price Trends:

  1. 42% Condition Mustard:

    • In Delhi, the price of 42% condition mustard dropped by Rs 50 to Rs 6150 per quintal during the week of February 22-28.
    • In Jaipur, however, the price increased by Rs 25 to Rs 6350-6375 per quintal.

  2. Other Locations:

    • The price of average quality mustard saw a decline of Rs 175 in Deesa (Gujarat), Rs 100 in Sirsa (Haryana), and Rs 500 per quintal in Bikaner (Rajasthan).
    • In Agra (Uttar Pradesh), it softened by Rs 100, while some mandis reported a slight rise of Rs 50-60.

Mustard Oil: A mixed trend was observed in the prices of mustard oil:

  • The price of expeller mustard oil dropped by Rs 5 to Rs 1325 per 10 kg in Delhi.
  • It fell by Rs 15 to Rs 1330 per 10 kg in Ludhiana, and by Rs 20 to Rs 1280 per 10 kg in Bikaner.

Arrival Statistics:

  • On February 22, 3.50 lakh bags of mustard arrived in the mandis of major producing states.
  • On February 24, 2.15 lakh bags arrived, followed by 2.40 lakh bags on February 25, 2.15 lakh on February 26, 3.00 lakh on February 27, and 3.00 lakh on February 28.
    • Note: Each bag weighs 50 kg.

Mustard Cake (DOC):

  • The market for mustard cake and DOC remained weak during the week, leading to price declines.
  • The price of mustard cake in Delhi fell by Rs 30 to Rs 140 per quintal.
  • Mustard DOC prices softened by Rs 200 to Rs 500 per tonne in some mills in Gujarat, Madhya Pradesh, and Rajasthan.

Outlook:

  • The supply of mustard is expected to increase as the new harvest comes in, with the highest arrival period anticipated from March to May.
  • The minimum support price for mustard for the 2024-25 season has been set at Rs 5950 per quintal.

This overview shows a typical fluctuation in the mustard market due to seasonality and supply-demand dynamics, with the expectation of more stable prices as the new crop enters the market.

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