MUMBAI, 05 Dec (Commoditiescontrol): As of December 5, 2024, the mustard seed market across India has displayed mixed trends, with prices holding steady in key regions while supply fluctuations shaped market dynamics. Meanwhile, the edible oil market witnessed price adjustments driven by global trends and domestic challenges, further highlighting the intricate relationship between supply, demand, and international developments.
In Delhi, mustard seed prices remained stable, ranging between ₹6,350–₹6,400 per quintal, with mustard expeller oil priced consistently at ₹1,340 per 10 kilograms. Similarly, Charkhi Dadri reported steady mustard seed prices of ₹6,325–₹6,375 per quintal and mustard expeller oil at ₹1,325 per 10 kilograms, while mustard cake was priced at ₹2,265 per quintal. However, in Rajasthan’s Jaipur market, mustard seed prices dipped slightly, trading between ₹6,575–₹6,600 per quintal, a ₹25 decline. Mustard expeller oil and kacchi ghani oil also experienced minor reductions, dropping by ₹3 to ₹1,341–₹1,342 and ₹1,351–₹1,352 per 10 kilograms, respectively. Mustard cake prices similarly fell by ₹15 to ₹2,300–₹2,305 per quintal.
All-India mustard seed arrivals amounted to 180,000 quintals on December 5, with Rajasthan contributing the lion’s share at 95,000 quintals, followed by Madhya Pradesh (15,000 quintals), Uttar Pradesh (20,000 quintals), Haryana and Punjab (5,000 quintals), Gujarat (10,000 quintals), and other regions (35,000 quintals). Arrival trends have shown significant fluctuations over the past few weeks, as depicted in the analysis of Jaipur mustard prices and all-India arrivals. Peak arrivals of 225,000 quintals were observed on November 19 and 26, correlating with the highest price of ₹6,750 per quintal. Conversely, arrivals dipped to a low of 150,000 quintals on November 13, with prices settling at ₹6,625 per quintal. By December 5, arrivals had dropped to 180,000 quintals, leading to a marginal decline in prices to ₹6,600 per quintal.
This relationship underscores the interplay between supply and pricing, with high arrivals generally coinciding with stable or slightly elevated prices, indicating robust demand. However, declining arrivals in December signal potential supply-side challenges that may impact the market in the coming weeks.
The edible oil market, both domestic and international, witnessed price fluctuations driven by various factors. At Gujarat’s Kandla port, crude palm oil (CPO) for December delivery rose by $15, reaching $1,305 per metric ton, while RBD olein increased to $1,275 per metric ton. Soy degummed oil saw an $8 uptick to $1,152 per metric ton, whereas sunflower expeller oil declined by $5, settling at $1,225 per metric ton.
Domestically, edible oil prices reflected these international trends. CPO prices increased by ₹15 to ₹1,352 per 10 kilograms, while RBD palmolein climbed to ₹1,380 per 10 kilograms. Refined soybean oil and degummed soybean oil rose by ₹10 and ₹15, respectively, reaching ₹1,275 and ₹1,252 per 10 kilograms. Sunflower refined oil saw a ₹10 increase, priced at ₹1,390 per 10 kilograms. At Jawaharlal Nehru Port Trust (JNPT), RBD palmolein and super olein rose by ₹20 to ₹1,420 and ₹1,440 per 10 kilograms, respectively, while soy refined oil and sunflower crude and refined oils remained stable.
The mustard seed market remains resilient, with stable prices supported by robust demand, despite fluctuations in arrivals. However, production challenges due to climatic conditions could pose risks to long-term supply dynamics. Meanwhile, the edible oil market is influenced by both global trends and domestic supply considerations, offering a mix of price stability and downward potential for consumers.
(By Commoditiescontrol Bureau; +91 98201 30172)
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