News & Updates

Mustard: Reason behind strong market

by | Jun 17, 2021 | Rape Seeds

Mustard makes farmers happy!

Generally, mustard sold at $47.73 – $ 54.55 per quintal was selling for $70.91 – $ 85.91per quintal. On the other hand, mustard (yellow) was sold from $83.18 to $95.46 quintals. The government had fixed the support price of black mustard at $63.41 per quintal for Rabi 2020-21.

The market price of the mustard in the market was higher than the support price since the arrival of the low crop, due to which the farmers did not have to depend on the support price, and farmers got good prices of mustard in the open market only.

The rise in the price of edible oil in the international market in dollar terms and the depreciation of the rupee were two factors for the price rise in mustard.

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