For your information, mustard seed prices have been the most affected among the crops in the same category. Prices rose significantly at the end of last year. However, prices have fallen dramatically. What is the current mustard price in India's granary markets?However the prices of other oilseeds crop are also declining but currently most of them are stagnant.
There is a crop shortage that has been recorded in some cases, particularly for mustard seeds, and prices have been affected the most since the end of last year. There was a time when the prices were near 9000 Rs per quintal but now those same prices are even under the minimum support price. Therefore this has led to an alarming situation among the farmers.
The central government established an MSP of 5650 rupees per quintal , but farmers in Indian markets are currently not receiving the MSP price for mustard crops.They currently cost 5500 rupees per quintal.
According to the Union Ministry of Agriculture and Farmers Welfare's Agmarknet portal, on Saturday (January 6), except for one or two mandis in India, prices remained below the MSP. On Saturday, the best mustard price was achieved at Karnataka's Shimoga Mandi. Where mustard was sold at Rs 8800 per quintal.
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Similarly in Amreli Mandi of Gujarat Mustard is sold at 6075 rupees per quintal . If we keep these exception aside then in all other mandis it is sold at less than 5500 rupees per quintal which is even lower than the MSP. Alarmingly at some places prices are even 4500Rs/quintal. Experts believe that the drop in prices is due to a decrease in demand. If demand does not rise, prices will fall even further, which is extremely bad news for farmers.
To inform you for any crop its prices depend upon its quality. In such a case traders decide the prices according to the crop quality. Higher the quality of the crop, higher its prices. If you are also keen to check crop prices in your state markets then you can search for the whole list on the official website of https://agmarknet.gov.in/ .