๐๐ป๐ฑ๐ถ๐ฎ'๐ ๐ ๐๐๐๐ฎ๐ฟ๐ฑ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ฆ๐๐ฟ๐ด๐ฒ ๐๐ผ ๐ฆ๐ถ๐ -๐ ๐ผ๐ป๐๐ต ๐๐ถ๐ด๐ต: ๐๐ ๐ก๐ผ๐ ๐๐ต๐ฒ ๐ง๐ถ๐บ๐ฒ ๐ณ๐ผ๐ฟ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐๐ผ ๐๐ผ๐ผ๐ธ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐๐?
Rapeseed (Mustard Seed)
โขPublished on
๐ฅ๐ฎ๐ฝ๐ฒ๐๐ฒ๐ฒ๐ฑ ๐ ๐๐๐๐ฎ๐ฟ๐ฑ ๐๐๐ฝ๐ฝ๐น๐ ๐ฎ๐ ๐ฅ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐๐ถ๐ด๐ต๐
India's 2024-25 rapeseed mustard supply has reached a record high of 12.94 million metric tons (MMT), driven by an impressive production of 11.66 MMT and an additional 1.28 MMT carry in stock. This increase is due to increased acreage in key growing states and favorable weather conditions. Despite this bumper production, recent months have seen low supply in mandis as farmers hold out for better prices and divert their produce towards government procurement.
๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฎ๐ฝ๐ฒ๐๐ฒ๐ฒ๐ฑ ๐ ๐๐๐๐ฎ๐ฟ๐ฑ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐
Rapeseed mustard prices in Jaipur (42 condition) have surged to a six-month high, nearing โน6,000 per metric ton (MT), buoyed by stronger prices for rapeseed meal and oil, as well as positive global market trends. Over the past month, rapeseed meal prices have surged by 11%, and they have risen by 8% over the last three months, even though rapeseed meal exports have declined recently. Similarly, rapeseed oil prices have also seen an upward trend, increasing by 9% in the last month and 10% over the last three months.
๐ฃ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ ๐ถ๐ป ๐๐บ๐ฝ๐ผ๐ฟ๐ ๐๐๐๐ ๐ผ๐ป ๐๐ฑ๐ถ๐ฏ๐น๐ฒ ๐ข๐ถ๐น๐ ๐ฃ๐ผ๐๐-๐๐น๐ฒ๐ฐ๐๐ถ๐ผ๐ป
Currently, the import duty on crude palm oil (CPO), crude soybean oil, and crude sunflower oil stands at 5.5%. There is speculation that the government may raise these duties after the elections, which would drive up edible oil prices and consequently support higher oilseed prices.
๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐ผ๐๐ถ๐๐ถ๐ผ๐ป
Given the current market dynamics, with prices facing strong resistance at โน6,000 per quintal, it may be prudent for traders to consider offloading 70-80% of their holdings.
๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป
As India's mustard prices hit a six-month high, traders are faced with the decision of whether to book profits now or hold out for potential future gains. Considering the robust market conditions and potential policy changes on the horizon, now might be an opportune moment to capitalize on the current price surge.