In the first five months of the season, i.e., till the end of July, 6.775 million tonnes of mustard have arrived in the market. It is estimated about 61% of the crop. Hence 39% of the crop is left for the remaining seven months of the season.
Mustard crushing was 6 million tonnes by the end of July compared to last year’s 5 million tonnes till July. There is an increase of 1 million tonnes compared to the previous year. On the other hand, the mustard crop has increased by 2.6 million tonnes from last year.
Mustard farmers and processors have a total stock of 4.8 million tonnes of mustard, compared to last year’s 3.6 million tonnes at the end of July.
Due to the increase in mustard oil by $ 0,38 to $0,50 per kg, there is a perception of demand coming out in the market at a lower price. Also, the onset of monsoon in the country is very encouraging, and so is the festive season, which starts a week later from Raksha Bandhan.
Demand will increase in the market, and the reduction of MRP by the government has also encouraged the general public to buy the product for the festivals. With the demand for mustard oil coming out, it will increase in the next 15 days.
Mustard prices can slightly increase in the next fortnight, and so will the price of mustard oil. It has been reported that the high price differential between imported edible oils and mustard oil is not likely to lead to a sharp rise.
The Brown Mustard Seeds Bold prices were Recorded at $,88 per kg FOB.
The following reports may be of interest to you:
Related posts:
India: Winter Acreage up 9% at 261 Million Hectares 
Mustard emerges as a new favorite among farmers in India Higher market prices & and a favourable sowing trend for Indian Mustard 
Mustard may gain area at the cost of Chick Peas, wheat this year India: October Month Seems Positive from Pricing Perspective for Mustard Markets Why this year was exceptional for Mustard Seeds 
Spices Exports from India in 2020-21 compared to 2019-20 
Mustard Seeds News 
Indian Commodities That Changed Prices The First Week Of August While most of the prices of spices stayed stable in the first week of August, there had been slight changes in few from the last month. 
Indian Mustard Prices Are Going To Be Unstable In Next Few Months