Weekly Review-Mustard
29-Mar-2025 08:46 PM
Despite the strong arrival of new crop, mustard prices remain high
New Delhi. The arrival of new stock of mustard, the most important oilseed crop of the Rabi season, is continuously increasing, but despite this, during the week of 22-28 March, except for some markets of Gujarat and Haryana, its price has increased by 100 to 400 rupees per quintal in other markets. The reason for this is said to be the better quality of mustard and more arrival of dry stock. This time the moisture content in mustard is very low and the size of the grain is relatively large, due to which the oil recovery rate is high. Traders and millers are showing great interest in its purchase.
42% condition mustard
During the week under review, the price of 42 percent condition mustard improved by 150 rupees to 6150 rupees per quintal in Delhi and increased by 200 rupees to 6250 rupees per quintal in Jaipur. There was also a good increase in the prices of normal average quality mustard. Its price rose by Rs 175-175 in Morena and Porsa of Madhya Pradesh and Rs 2.50 per quintal in Gwalior.
Rajasthan
Even more strong rise was recorded in the markets of the most prominent producing state- Rajasthan. Actually, the central government is once again going to buy mustard in huge quantities from the farmers. The minimum support price (MSP) of mustard has been fixed at Rs 5950 per quintal. The price of mustard can be high and fast during government procurement, so before that, millers and traders want to buy as much of it as possible.
Uttar Pradesh
The price of mustard has reached a high of Rs 6470 in Hapur, Uttar Pradesh and Rs 6700/6800 per quintal in Agra. In Sirsa, Haryana, the price rose by Rs 300 per quintal.
Mustard oil
Due to the huge increase in the prices of mustard, the price of expeller and Kachi Ghani oil also increased by Rs 70 per 10 kg. The price of expeller oil in Delhi increased by Rs 45 to Rs 1310, in Morena by Rs 50 to Rs 1300, in Bharatpur by Rs 70 to Rs 1320 and in Ganganagar by Rs 60 to Rs 1290 per 10 kg. Kachi Ghani oil also became expensive in almost the same proportion.
Production Estimate
Industry-trade organizations have expressed the possibility of production of 111.30 lakh tonnes of mustard in the Rabi season of 2024-25, which is much less than the estimate of the Ministry of Agriculture of 128.70 lakh tonnes. The arrival of mustard in the domestic markets was 13.50 lakh bags on March 22, which jumped to a peak level of 15.50 lakh bags on March 24. After this, 14 lakh bags of mustard arrived on March 25 and 13.25 lakh bags on March 26. Each sack is of 50 kg.
Mustard Cake
Due to good business in mustard cake, the price increased by Rs. 100 per quintal and DOC also registered a rise of Rs. 1000 per tonne.