Last week, mustard in Jaipur opened at ₹6,500 per quintal on Monday and closed at ₹6,375/6,400 per quintal on Saturday, marking a decline of ₹100 per quintal due to weak demand. Favorable weather conditions and adequate supply contributed to the drop in prices as demand remained sluggish. The softening in oil and cake prices led mills to reduce buying at higher levels. Additionally, continuous selling by Nafed/Hafed kept the supply consistent. In some markets of Rajasthan and Madhya Pradesh, the arrival of new mustard seeds has started, but most areas are still in the final stages of crop development. Given the favorable weather, there is potential for an increase in yield. This year, due to a decrease in sowing, production is expected to be lower compared to last year. Jaipur’s crude oil is trading in the range of ₹1,300/1,350, and it is expected to stay within this range until the end of January. Therefore, it is advised to buy when prices fall near ₹1,300 and sell around ₹1,350. Cake prices have fallen below ₹2,300, reducing the chances of significant price increases for mustard. From here, there is not much expectation of a sharp rise in prices until the new crop arrives. It is advised to avoid buying in the current market. As new crop arrivals begin, Jaipur mustard may slide down to the support level of ₹6,275. After the increase in arrivals post-Holi, a potential price bottoming in March could lead to a rise in mustard prices.