| Mustard oil expeller prices have fallen by Rs. 20/40 per quintal so far in the season. Mustard seed is barely unchanged and may start falling as the arrivals increase. |
| According to Sanjay Kumar of Bhagwati Oil & General Mills, which has plants at Charkhi Dadri in Haryana, the demand for mustard oil has slumped this year and overall demand has fallen by 50 per cent. |
| Mustard oil plunged on markets by Rs 40 to Rs 4280/4285 per quintal on January 9, he said. Mustard seed managed to stay between Rs. 1725/1750 per quintal. |
| Similarly in mandis such as Hansi, Bhiwani and Jind in Haryana, mustard oil was down Rs 15/20 to Rs 4260/4280 per quintal. |
| A trader in Jind said if the current trend of low demand continued, the oil prices would fall further and sharply. |
| However, mustard seed prices are not likely to witness sharp fluctuations, he added. |
| Sowing of mustard is estimated to have touched a record 64 lakh hectare in the rabi season, against 58 lakh ha. last year. |
| The weather has been favourable to the the crop so far and a fresh round of rains would boost the output considerably. |
| According to estimates made by traders, the rabi season would produce 70-75 lakh tonnes of mustard seed. |
| This output is likely to put more pressure on prices of both seed and oil. The mandis of Uttar Pradesh have started receiving the 'lahi' crop. |
| The 'toria' crop is likely to start arriving at mandis soon. These arrivals could lead to further fall in mustard seed and mustard oil prices. |
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