๐ Market Overview: Mustard Seed Prices on the Rise
Mustard trading in India has gained significant momentum with stockists actively purchasing at current prices, driving up the market by approximately USD 6 per quintal. The major producing regions, including Madhya Pradesh, Rajasthan, Gujarat, and Uttar Pradesh, are witnessing robust buying activity, supporting the market despite high arrivals.
๐ Current Prices and Trends
๐ Market Drivers
- Strong buying support in major producing areas.
- Mustard oil prices are expected to climb, adding bullish sentiment to the market.
- Projected tight availability due to moderate new sowing.
โ
Weather Outlook โ Key Growing Regions
Current forecasts indicate mild weather in the major mustard growing regions of India, which should support ongoing harvesting activities without major disruptions.
๐ฎ Price Forecast โ Next 3 Days
Given the strong market fundamentals and stable weather conditions, prices are expected to remain firm or increase slightly.