MUMBAI, 07 Dec (Commoditiescontrol): The mustard seed market remained largely stable on Thursday, with minimal price changes across major trading hubs in India. In Rajasthan’s Jaipur market, mustard seed prices dropped slightly by ₹25, with quotes ranging between ₹6,525 and ₹6,550 per quintal. Other products like mustard expeller oil and kachchi ghani oil held steady, quoted at ₹1,331–₹1,332 and ₹1,341–₹1,342 per 10 kg, respectively. Mustard cake prices in Jaipur softened marginally, declining by ₹15 to ₹2,300–₹2,305 per quintal.
In Delhi, mustard seed prices remained steady at ₹6,300–₹6,350 per quintal, while expeller oil was quoted at ₹1,335 per 10 kg. Similarly, the Charkhi Dadri market in Haryana reported no change in mustard seed prices, which were steady at ₹6,275–₹6,325 per quintal, with expeller oil at ₹1,320 and mustard cake at ₹2,660 per quintal.
The total mustard seed arrivals across India were reported at 1,50,000 bags on Thursday. Rajasthan accounted for the largest share, with arrivals of 80,000 bags. Other states included Madhya Pradesh (10,000 bags), Uttar Pradesh (15,000 bags), Haryana and Punjab combined (5,000 bags), Gujarat (5,000 bags), and other regions contributing 35,000 bags. The steady-to-declining arrivals reflect the end of the peak season for mustard harvesting.
The above chart emphasize the correlation between arrivals and price trends. Over the past two weeks, mustard arrivals have fluctuated, with an uptick in arrivals on certain days leading to minor price adjustments. As of December 7, arrivals decreased to 1,50,000 bags, leading to a slight firming of prices in several markets.
Globally and domestically, the mustard market remains influenced by steady demand and manageable supply. Analysts suggest that prices are likely to remain range-bound in the short term, supported by steady demand for mustard oil and cake. However, further declines in arrivals could tighten the supply, potentially offering upward support to prices.
(By Commoditiescontrol Bureau; +91 98201 30172)
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