MUSTARD RATE REPORT : There is going to be a jump in the price of mustard, see, it will increase the price, it is likely to go up to 6000: Farmer friends, we had told in our yesterday’s report that there is a possibility of minor improvement in mustard instead of a big rise. Exactly the same has been seen in the market. In the last two days, the price of mustard has increased by Rs.25 each. The ongoing environment regarding oil and oilseeds in foreign markets is now slowly changing. Whether or not the production of palm oil will decrease due to El Nino, but there is concern about its decrease. Due to which the price of oilseeds is getting support. In today’s report, we will know every news of oilseeds market.
READ MORE : Mandi Bhav Today 2023 : Today’s price of Wheat, Mustard, Barley, Moong, Moth, Guar crops
MUSTARD RATE REPORT : There is going to be a jump in the price of mustard, see, it will increase the price, it is likely to go up to 6000.
Talking about the latest rates of spot markets, the rate of mustard in Rajasthan’s Nohar Mandi is Rs 4600, Rawla Mandi Mustard Rate 4600, Jaitsar Mandi Mustard Rate 4450, Ganganagar Mandi Mustard Rate 4657, Gajsinghpur Mandi Rs 4539, Raisinghnagar Mandi Rs 4598. Rs, Rs 4753 in Gharsana Mandi, Rs 4695 in Gharsana Mandi and Rs 4890 per quintal was recorded in Bharatpur Mandi. If we talk about Mandis of Haryana, the price of Mustard in Bhattu Mandi is 4670, the price of Mustard in Sirsa Mandi is 4641, the price of Mustard in Adampur Mandi is 4691, the price of Mustard in Ellenabad Mandi is 4747, the price of Mustard in Tohana Mandi is 4716, 5000 in the market. It is Rs. The price of mustard was recorded up to Rs 4785 per quintal in Uchana Mandi.
Palm oil prices are taking support from El Nino concerns. Experts believe that palm oil production may remain weak due to El Nino. Crude palm oil production in the world’s second largest producer is expected to decline by between 1 and 3 million tonnes next year due to the effects of El Nino. According to information received from sources, along with adverse weather, India and China, the largest importers of palm oil, want to buy at a lower price, in such a situation, there may be a slight improvement in the price of Malaysian palm oil. However, this is not great news for mustard prices
READ MORE : Today’s Mandi Bhav – Today’s market price (05 June 2023)
what next in Mustard
Farmer friends, looking at the current situation, there may be a slight increase in the price of mustard, but we are repeatedly requesting that the possibility of a big increase is less. Foreign markets are up but fundamentals are still weak. As far as the sale of mustard is concerned, at present one can wait for a few more days to extract the mustard. May have to wait till Diwali for good price of mustard. Even though the chances of a big boom in mustard are less, but the chances of a big recession are less. Do business with your discretion. This is not good news.
