Mustard Prices Rise: Rates Touch ₹6200 Per Quintal – Market Trends & Future Outlook

Key Highlights:

• Mustard prices exceed MSP, touching ₹6200 per quintal.
• Prices may stay high for 1-2 months before the new crop arrives.
• Rajasthan, UP, and Maharashtra markets report strong rates.
• MSP for 2025-26 increased to ₹5950 per quintal.
• Farmers advised to monitor market rates before selling.

The price of mustard is on the rise across various markets in India. With mustard oil prices already increasing, mustard seed prices have also seen an upward trend. Currently, the price of mustard is above the Minimum Support Price (MSP) in many mandis. Experts predict that this price rise may continue for the next one and a half to two months until the new mustard crop enters the market. Prices are expected to decline once the fresh harvest arrives.

For the marketing year 2024-25, the Central Government has set the MSP of mustard at ₹5650 per quintal. This presents a profitable opportunity for farmers and traders holding old mustard stocks, allowing them to sell at higher rates.

Also Read: Wheat Prices Surge: Current Market Rates and Future Predictions

Mustard Prices in Major Mandis

Mustard prices are currently above MSP in several mandis across India. According to online market data, here are the current rates:

Mustard Prices in Rajasthan

• Dausa's Mandawari Mandi: ₹5811 per quintal
• Baran Mandi: ₹5775 per quintal
• Lalsot Mandi (Dausa): ₹5872 per quintal
• Malpura Mandi (Tonk): ₹5721 per quintal
• Tonk Mandi: ₹6011 per quintal

Mustard Prices in Uttar Pradesh

• Kasganj Mandi: ₹6200 per quintal
• Agra Mandi: ₹6200 per quintal
• Shamli Mandi: ₹6180 per quintal
• Khurja Mandi (Bulandshahr): ₹6160 per quintal
• Aligarh Mandi: ₹6050 per quintal
• Bulandshahr Mandi: ₹6080 per quintal
• Khairagarh Mandi (Agra): ₹6000 per quintal
• Etawah Mandi: ₹5900 per quintal
• Chaubepur Mandi (Kanpur): ₹5700 per quintal
• Mahoba Mandi: ₹5730 per quintal

Also Read: Haryana Government Transfers Rs 368 Crore Bonus to Farmers for Crop Loss Compensation

Mustard Prices in Maharashtra

• Average Price: ₹6850 per quintal
• Lowest Market Price: ₹6500 per quintal
• Highest Market Price: ₹7200 per quintal
• Mumbai Market (Maximum Price): ₹7200 per quintal

Mustard Prices in West Bengal

• Average Price: ₹5800 per quintal
• Lowest Market Price: ₹5650 per quintal
• Highest Market Price: ₹6000 per quintal
• Khatra & Bishnupur (Bankura Mandi): ₹6000 per quintal

Future Market Trends for Mustard

With the new mustard crop expected to arrive soon, there might be a decline in prices. However, for the 2025-26 financial year, the MSP for mustard has been increased by ₹300, bringing it to ₹5950 per quintal. This means that farmers will get a better price for their produce compared to the ₹5650 MSP for 2024-25.

Farmers should carefully monitor the market before deciding whether to sell at MSP or in the open market to maximize their profits.

Advice to Farmers

Mustard prices depend on factors such as quality and oil content. Market rates fluctuate daily, so farmers should check the latest prices in their local mandis before selling their produce.

Also Read: Sabji Vikas Yojana 2024-25: Bihar Farmers to Get 75% Subsidy on Vegetable Cultivation

CMV360 Says

With mustard prices currently above MSP, farmers and traders have a profitable window to sell their stocks. However, with the new crop arriving soon, prices may decrease. Keeping a close eye on market trends will help farmers make the right selling decisions and benefit from the best available rates.

(Stay tuned for more updates on mustard prices and market trends!)