Fluctuations In The Mustard Market

Farmers made a significant profit in 2021 as a result of a record-breaking fast jump in mustard prices. Farmers have become more interested in mustard production since mustard prices have grown. During the Rabi season, mustard has been seeded the most among oilseed crops. The mustard-growing area has increased to 91.44 lakh hectares. This area was 73.12 lakh hectares last year. The mustard crop is currently thriving in the fields. Rain has caused moderate damage to the mustard crop in various areas of the key mustard-producing states of Rajasthan, Madhya Pradesh, Uttar Pradesh, and Haryana.

Farmers, on the other hand, are anticipating a strong mustard crop this year. Farmers, on the other hand, are unsure whether they will be able to achieve the same mustard price as last year, despite abundant output. Let us inform you that mustard was sold in the market last year at a price higher than the minimum support price, and farmers who had a stock of mustard were able to sell their mustard for Rs 9-10 thousand a quintal.

On the one hand, it is critical to begin the mustard season at this time. The standing mustard crop in the fields gets ready for harvesting in two to five days after the season begins. Farmers are bringing mustard to market wherever the harvest is ripe. Farmers are afraid to extract mustard because of the cold wave and clouds that have been there for several days.

Mustard dealers, on the other hand, predict that as the season progresses, the arrival of mustard will increase, and prices will drop. On Friday, January 28, the price of mustard in Rajasthan's biggest mustard market, Alwar, was Rs 7200 per quintal, compared to Rs 7800 two days previously. On the other hand, these ups and downs in the mustard business are likely to continue till April this time. In May Mustard prices are expected to remain stable.

According to market analysts, there was an exception for mustard oil mixing prior to 2020-21. In 2021, the Modi administration would outlaw mustard oil mixing. Since then, the government has exclusively marketed pure mustard oil, and farmers have reaped the rewards.

Throughout the year, mustard prices remained high. For the marketing season 2022-23, the national government has also enhanced the mustard support price by Rs 400 to Rs 5050 per quintal. Mustard is projected to sell for more than the minimum support price this time as well.