Mustard Prices Ease Slightly While Wheat Remains Firm: Check Latest Mandi Rates and Market Outlook

Key Highlights

• Wheat prices remained stable at ₹2,770 per quintal in Delhi.

• Jaipur mustard prices declined from ₹8,100 to ₹8,050 per quintal.

• OMSS policy will be crucial for future wheat price movement.

• Demand from oil mills is supporting mustard prices despite selling pressure.

• Global edible oil markets and the USDA wheat outlook continue to influence Indian commodity markets.

India's agricultural commodity market showed a mixed trend on Tuesday, with mustard prices witnessing a slight decline while wheat prices remained firm across major markets. Traders believe that domestic demand, government procurement, and global market developments will play a key role in deciding the price movement of both crops in the coming weeks.

Wheat Prices Stay Firm Across Major Markets

Wheat prices at Delhi's Lawrence Road market remained stable at ₹2,770 per quintal, indicating continued strength in the market. However, traders believe that a sharp rise from current levels may be limited due to adequate supplies and the government's Minimum Support Price (MSP) of ₹2,585 per quintal.

According to market experts, wheat prices are expected to remain within the ₹2,720 to ₹2,770 per quintal range in the near term.

Latest Wheat Prices in Major Markets

OMSS Policy to Influence Wheat Market

Market participants are closely monitoring the Central Government's Open Market Sale Scheme (OMSS). Wheat sales under OMSS are currently suspended.

Traders say that if the government resumes wheat sales under the scheme, additional supply could put pressure on prices. However, if OMSS sales remain limited, wheat prices in the Delhi market may rise further and reach ₹2,800 to ₹2,830 per quintal.

Mustard Prices Decline Slightly

Mustard prices in the Jaipur market slipped from ₹8,100 to ₹8,050 per quintal. Despite the slight correction, traders say overall market sentiment remains positive due to steady demand from oil mills and limited arrivals.

Latest Mustard Prices in Major Markets

According to traders, although selling pressure is currently visible in mustard, demand from oil mills and lower market arrivals have prevented any major decline in prices.

Global Markets Continue to Impact Domestic Prices

International commodity markets are also influencing price trends in India.

For mustard, traders are closely tracking:

• Malaysian palm oil futures

• Soybean and soybean oil prices on the Chicago Board of Trade (CBOT)

In the wheat market, attention remains on the latest USDA WASDE report, along with production estimates, export activity, and stock levels in major producing countries such as Russia, Europe, and the United States. These global developments could affect international wheat prices and influence market sentiment in India.

Market Outlook

Experts believe the wheat market is likely to remain firm in the near term. If the government does not release additional wheat stocks under the OMSS, prices are expected to stay strong.

For mustard, the short-term market may remain under pressure, but the overall outlook is still considered positive. Analysts say that if mustard prices stay above ₹8,000 per quintal, the market could maintain its upward potential. However, a fall below ₹7,900 per quintal may lead to additional weakness.

Going forward, the direction of both wheat and mustard prices will largely depend on:

• Domestic demand

• Government procurement and OMSS policy

• Global edible oil prices

• International wheat production and exports

• Monsoon conditions

Farmers Should Verify Latest Mandi Prices

The prices mentioned above are based on the latest trading activity in major agricultural markets across different states. Actual mandi prices may vary depending on crop quality, moisture content, arrivals, local demand, and the time of sale. Farmers are advised to confirm the latest rates at their respective mandis before selling their produce.

Also Read: Paddy Transplanter Subsidy in Madhya Pradesh: Farmers Can Get Up to ₹5 Lakh Assistance, Know Benefits, Cost and Application Process

CMV360 Says

The wheat market continues to remain firm due to steady demand and limited government stock releases, while mustard prices have seen only a mild correction despite selling pressure. Going forward, domestic demand, OMSS policy, global edible oil and wheat markets, along with monsoon conditions, will play a crucial role in determining price trends for both commodities.