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Mustard Seed Prices Maintain Stability Across Major Markets Amid Steady Arrivals

9 Nov 2024 1:21 pm
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MUMBAI, 09 Nov (Commoditiescontrol): Mustard seed prices remained unchanged across major markets on Thursday, with consistent rates reported for both mustard seeds and related products.

In Delhi, mustard seed prices were steady at ₹6625 to ₹6675 per quintal, while mustard expeller remained at ₹1385 per quintal. Similarly, in Charkhi Dadri, mustard seeds were priced between ₹6600 and ₹6650 per quintal, and mustard expeller stood at ₹1375 per quintal. The mustard cake in Charkhi Dadri was priced at ₹2425 per quintal, showing no change from previous rates.

In Jaipur, mustard seed prices were slightly higher, ranging from ₹6825 to ₹6850 per quintal. The expeller was priced at ₹1410 to ₹1411 per quintal, and the cold-pressed or "Kacchi Ghani" mustard oil ranged from ₹1420 to ₹1421 per quintal. Mustard cake prices in Jaipur showed a small increase of ₹25, standing at ₹2505 to ₹2510 per quintal.

As for arrivals, Rajasthan led the list with 100,000 quintals of mustard seeds, followed by Uttar Pradesh at 15,000 quintals. Other regions contributing to the total 160,000 quintals included Madhya Pradesh (10,000 quintals), Haryana and Punjab (5,000 quintals), Gujarat (5,000 quintals), and various other regions (25,000 quintals).



As per the above graph, Mustard seed prices in Jaipur have been holding steady over the past few weeks, according to market reports. As of November 9th, prices for mustard seed are recorded at ₹6750 per quintal, maintaining a consistent range observed since late October.

Over the last three weeks, mustard seed arrivals have fluctuated, with higher arrivals recorded on October 21st and 22nd, reaching 300,000 quintals. However, arrivals saw a decrease on October 30th, dropping to 125,000 quintals, before gradually increasing again in early November, stabilizing at 200,000 quintals per day from November 4th to November 9th.

The relationship between arrivals and price movements is evident in the chart, with prices remaining relatively stable even as arrivals varied. Notably, the highest price recorded was ₹6750 on November 9th, just slightly higher than earlier in the week.

This data indicates a balanced market for mustard seeds in Jaipur, with stable pricing trends despite fluctuations in daily arrivals. As the harvesting season progresses, stakeholders are anticipating steady supply and demand dynamics.

Overall, the market saw stable prices for mustard seed and related products, with no significant fluctuations reported across key trading centers.

(By Commoditiescontrol Bureau; +91 98201 30172)


       
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