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Mustard Market Sees Decline Amid Steady Arrivals

25 Jan 2025 2:30 pm
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MUMBAI, 25 Jan (Commoditiescontrol): The mustard seed market witnessed a gradual decline in prices across major regions, reflecting subdued demand and stable arrivals. In Rajasthan's Jaipur, mustard seed prices fell by ₹25 to settle at ₹6,225-₹6,250 per quintal. Similarly, mustard oil (expeller) traded lower at ₹1,284-₹1,285, a drop of ₹10, while Kacchi Ghani oil also slipped by ₹10, quoting ₹1,294-₹1,295. However, mustard cake prices showed a slight upward trend, rising by ₹5 to ₹2,155-₹2,160 per quintal, indicating some demand for by-products.

Delhi also reported a decline in mustard seed prices, trading at ₹6,075-₹6,125 per quintal, down ₹25. Mustard oil in the region fell by ₹5 to ₹1,290. In Haryana's Charkhi Dadri, mustard seed prices ranged from ₹6,050-₹6,100 per quintal, marking a similar drop of ₹25. Mustard oil prices here also declined by ₹5, trading at ₹1,275, while mustard cake was marginally lower at ₹2,125, down by ₹5.

The total arrivals of mustard seed across India were recorded at 1.4 lakh bags (85 kg per bag). Rajasthan remained the largest contributor with 75,000 bags, followed by Uttar Pradesh with 15,000 bags and Madhya Pradesh with 10,000 bags. Haryana and Punjab combined accounted for 5,000 bags, while Gujarat also contributed 5,000 bags. Other states collectively added 30,000 bags to the overall supply. The consistent supply suggests a stable inflow of mustard seeds to the markets, even as prices remain under pressure.



A closer look at the price trends reveals a gradual decline over the past two weeks. Jaipur's mustard seed prices peaked on January 10th at ₹6,600 per quintal but have since declined steadily to ₹6,250 by January 25th. Arrivals during this period remained largely stable, ranging between 1.4 lakh and 2 lakh bags daily. This indicates that the market is experiencing sufficient supply, but a lack of strong demand is exerting downward pressure on prices.

The slight increase in mustard cake prices reflects sustained demand for by-products despite weaker trends in mustard oil and seed prices. This could indicate resilience in certain segments of the mustard market. However, overall market sentiment remains cautious as buyers appear to be waiting for further price corrections or a revival in domestic and export demand. The short-term outlook suggests that mustard seed prices may remain under pressure unless there is a significant pickup in crushing activity or a surge in demand for mustard oil.

(By Commoditiescontrol Bureau; +91 98201 30172)


       
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