The mustard seeds market is witnessing renewed firmness, driven primarily by robust buying interest from oil mills and a backdrop of steady consumer demand in India. Prices rose modestly in key centers like Jaipur, mirroring a consistent yet slight uptrend in the domestic market. The improved sentiment was further reinforced by a notable dip in arrivals—reflecting both seasonally tighter flows from producing states and cautious selling by stockists taking cues from global edible oil indicators. Notably, branded oil millers incrementally pushed prices higher, paralleling similar increases in mustard oil quotations across major retail markets. This renewed activity comes even as total seasonal stocks remain adequate, signaling a market where short-term strength relies on consumer drawdown rather than structural shortages.
Global edible oil benchmarks displayed a mixed picture, with slight gains in palm and soy oil failing to fully offset pressures from seasonally high palm output and narrowing price spreads in the export trade. In India’s leading retail hubs, mustard oil prices generally held firm or edged up, except for Kolkata where a mild retreat highlighted underlying regional variations. Looking ahead, mustard’s resilience hinges on the interplay between export competitiveness, domestic procurement, and global oil market swings. While the ample central pool helps anchor downside risk, the market remains alert to potential supply shocks or policy shifts that could turn today’s balance on its head.
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Mustard seeds
yellow, micro, sortex
99.95%
FOB 0.84 €/kg
(from IN)
Mustard seeds
yellow, bold, sortex
99.95%
FOB 0.99 €/kg
(from IN)
Mustard seeds
brown, micro, sortex
FOB 0.83 €/kg
(from IN)
📈 Prices
| Name & Type | Origin | Location | Purity | Delivery (Terms) | Latest Price (EUR/kg) | Prev. Price (EUR/kg) | Weekly Change (EUR) |
|---|---|---|---|---|---|---|---|
| Mustard seeds, yellow, micro, sortex | IN | New Delhi | 99.95% | FOB | 0.84 | 0.83 | +0.01 |
| Mustard seeds, yellow, bold, sortex | IN | New Delhi | 99.95% | FOB | 0.99 | 0.98 | +0.01 |
| Mustard seeds, brown, micro, sortex | IN | New Delhi | – | FOB | 0.83 | 0.82 | +0.01 |
| Mustard seeds, brown, bold, sortex | IN | New Delhi | 99.95% | FOB | 0.76 | 0.75 | +0.01 |
| Mustard seeds, sinapis alba | KZ | Kiełczygłow (PL) | 99.5% | FCA | 0.79 | 0.77 | +0.02 |
🌍 Supply & Demand
- Firm oil mill procurement triggered upward price adjustments.
- Arrivals declined to 450,000 bags (down from 470,000 bags), indicating tight near-term flows.
- Domestic stocks remain ample in major producing states and central pool, tempering supply concerns.
- Consumption season underpins ongoing demand, with traders noting steady offtake despite regional price variances.
📊 Fundamentals
- Global edible oil trends mixed: Bursa Malaysia CPO futures +0.27% (4,115 Ringgit/t), Chicago soybean oil +1.34%.
- Palm oil’s price advantage over South American soyoil is narrowing, limiting export competitiveness.
- Indian retail markets mostly firm: Mumbai (expeller) steady at $17.22/10kg, Adampur Mandi up to $17.16/10kg, Kolkata softened to $17.76/10kg.
- Strong stocks reduce risk of sudden price spikes, but any supply disruption or policy change (e.g. import/export restrictions) will be closely watched.
🌤️ Weather Outlook
- India’s mustard belt (Rajasthan, Uttar Pradesh, Haryana): Seasonal monsoon rainfall has arrived, but uneven distribution is being reported, with isolated dryness in parts of Rajasthan potentially curbing yield optimism if prolonged.
- Kazakhstan: Favorable growing conditions, sufficient soil moisture predicted for Sinapis alba crops, supporting stable output.
- Short-term: No significant weather-based threats foreseen for the next week, but continued monitoring is advised due to monsoon anomalies.
🌏 Global Comparison
- India remains the world’s largest producer and consumer of mustard oil, with ample domestic inventories keeping import reliance low.
- Kazakh and East European mustards continue to supply premium grades to the EU, but Indian mustard dominates Asian and African edible oil sectors.
- Global trade volumes remain steady, but Asian demand is being closely tracked for signs of reversal following last year’s surge.
📌 Market Drivers
- Strengthening oil mill buying and resilient demand support prices.
- Mixed trends in global edible oils, with palm and soy volatility influencing Indian mustard’s price floor/ceiling.
- Declining arrivals point to short-term tightness, but not acute scarcity due to strong overall stock position.
🔎 Trading Outlook & Recommendations
- Short-term (1-2 weeks): Mild upward bias persists as mill demand holds and arrivals moderate. Upside capped by strong inventories and lackluster external edible oil rally.
- Physical market: Buyers may secure short-term needs on dips; sellers advised to release stocks only on strength.
- Exporters: Monitor global edible oils for arbitrage, especially against palm oil benchmarks.
- Risk: Watch for weather shifts during monsoon and any abrupt government policy change.
📆 3-Day Regional Price Forecast (2025-06-22 to 2025-06-24)
| Region/Exchange | Price Range (EUR/kg) | Sentiment |
|---|---|---|
| IN, New Delhi (Yellow, Micro/Bold) | 0.84–0.99 | Steady/Firm |
| IN, New Delhi (Brown, Micro/Bold) | 0.76–0.83 | Steady |
| EU (KZ, Sinapis alba) | 0.79 | Steady |
Price movement is expected to remain stable to slightly firm over the coming days, barring unforeseen supply or policy shifts.
