Mustard prices are expected to continue to fluctuate

Mustard was recorded stable with limited plant demand with ups and downs during the last week, Mustard oil gained Rs.2-3/kg in the last week despite fall in overseas markets. Improvement was also seen in the demand of khal, due to which the price of khal increased by 40-50 quintals. India exported 2.46 lakh tonnes of DOC in April on strong export demand. Mustard prices are much lower than the MSP in the mandis, yet government procurement is slow. Till May 19, NAFED has purchased only 5.84 lakh tonnes of mustard. NAFED's purchase can be limited to between 10 to 12 lakh tonnes. The procured stock will later be used by NAFED to control prices. Due to import of cheap foreign oil in large quantities from abroad, the processors are refraining from getting hold of mustard at higher prices. Mustard crushing weakened due to ample supplies of oils from overseas and high stocks of edible oils in the domestic market. For the next 10-15 days, mustard prices are estimated to trade between 100-150 in the lower and 200-250 in the upper side.

Insert title here