agribazaar
June 8, 2021
Sowing period: October to December
Harvesting period: February to April
Crop season: Rabi
Key growing regions:
- Rajasthan – Ganganagar, Alwar, Tonk, Baran
- Uttar Pradesh – Agra, Sitapur, Aligarh, Etah
- Madhya Pradesh – Morena, Gwalior, Bhind, Shivpuri
- Gujarat – Banaskanth, Patan, Mehsana, Surendranagar
Production trend and Stock position:
- As per the Ministry of Agriculture third advance estimate released on May 25, 2021, Mustard Seed production was 99.87 lakh tonnes (LMT) compared to FY 2019-20 which was 91.24 LMT, up by 9.46 percent
- Stock positions of Mustard Seed at National Commodity Clearing Limited (NCCL) approved warehouses at Alwar, Bikaner, Jaipur, Kota, Sriganganagar and Tonk locations were down by 31.83 percent. The stocks held as on June 3, 2021 was 32,276 MT as compared to 47,344 MT held on May 3, 2021
- NAFED procurement 0.03 LMT valued at ` 0.014 lakhs under Price Support Scheme (PSS) in 2020-21 from Madhya Pradesh at minimum support price (MSP), however the procurement could not pickup pace due to the ongoing COVID lockdown restrictions
- Total procurement of the seed by HAFED in 2020-21 stood at 5.30 LMT
- The Food Safety and Standards Authority of India (FSSAI) has withdrawn the order prohibiting blending of Mustard oil
Monsoon Update
For the country as a whole, cumulative rainfall during this year’s pre-monsoon season till June 2, 2021 is above Long Period Average (LPA) by 75 percent. Details of the rainfall distribution over the four broad geographical regions of India are given below:
Market commentary: Price outlook
- The Government had increased the MSP of Mustard Seed by 5.08 percent to ₹ 4,650 per quintal for marketing season 2020-21 compared to ₹ 4,425 in 2019-20
- Mustard seed prices are likely to trade range-bound movement on weak-bias on slack in demand at higher prices
- At NCDEX futures of Mustard seed for the month of June contract ended higher at ₹ 7,012 per quintal compared to ₹ 6,982 per quintal as on the previous week
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