Sharp Rally in Mustard Market as Jaipur Prices Hit 7,900 Strong Fundamentals Drive Fresh Momentum

On May 19, the mustard market witnessed a sharp rally, once again proving that strong fundamentals can outweigh profit-booking pressure at higher levels. Earlier market reports had indicated that arrivals could decline after May 15, leading to stronger bullish momentum, and that trend is now clearly visible across mandis. The target projected by Mandi Market has also been achieved. Mustard prices in Jaipur surged by ₹200 to reach ₹7,900 per quintal. Bharatpur rose by ₹100 to ₹7,500, Delhi gained ₹200 to trade at ₹7,700, Charkhi Dadri moved up ₹100 to ₹7,600, while Sumerpur climbed ₹140 to ₹7,800. Trend charts show that Jaipur prices jumped directly from ₹7,400 to ₹7,900, whereas Bharatpur advanced from ₹6,970 to ₹7,500. Among processing plants, SALONI PLANT recorded the highest rate at ₹8,625, up ₹125. Shamsabad and Digner also traded at the same top level of ₹8,625. Adani Plant prices increased by ₹100 to ₹7,850. Other major plants included Goyal Kota at ₹7,800 (+₹100), Agra BP at ₹8,250 (+₹100), while Agra Sharda remained steady at ₹8,200. Mustard oil prices also registered significant gains. Jaipur Kachchi Ghani oil rose by ₹25 to ₹1,531, Bharatpur increased by ₹30 to ₹1,550, Alwar gained ₹20 to ₹1,550, and Morena moved up ₹30 to ₹1,550. Following the rally in mustard cake, edible oil has now emerged as one of the strongest supporting factors for the mustard market. Mustard cake prices also remained firm. Jaipur traded at ₹3,175 (+₹50), Alwar at ₹3,240 (+₹40), Bharatpur at ₹3,300 (+₹50), and Sumerpur at ₹3,220 (+₹70). Goyal Kota mustard cake rose sharply by ₹100 to ₹3,200. For comparison, on the same date last year, Jaipur mustard prices were trading at ₹6,500 per quintal, mustard cake at ₹2,250, and mustard oil at ₹1,370, while arrivals stood at around 450,000 bags. In the global edible oil market, Malaysias KLC palm oil July contract advanced from 4,521 to 4,571, while CBOT July soybean oil futures closed marginally lower by 0.25% at 75.44 cents. Market sentiment was further boosted by reports of a possible increase in import duties on edible oils, although no official notification has been issued so far. As a result, a large part of the current rally is being viewed as anticipation-driven. If the news proves inaccurate, some correction at higher levels cannot be ruled out. During the closing session yesterday, buying activity from major oil mills weakened suddenly, creating pressure of nearly ₹100-150 in certain markets. Because of this, some mandis may witness mild pressure today as well. However, the possibility of a major decline remains low at present, as market fundamentals continue to stay strong. Lower arrivals, firm edible oil prices, strong farmer holding capacity, and limited stocks are still considered key bullish factors. According to Mandi Market, traders and farmers who wish to book profits may consider lightening their stock positions at current levels after the sharp ₹500 rally seen over the past five days.

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