Mustard and Gram Prices Rise Above MSP

Key Highlights

• Mustard and gram prices rise above MSP.
• Mustard prices reach up to Rs 6,011 per quintal.
• Gram prices reach up to Rs 7,800 per quintal.
• Farmers prefer market sales over government procurement.
• Positive outlook, but price volatility is expected.
• Timely selling is advised for maximizing profits.

After a prolonged period, mustard prices are witnessing a significant rise, bringing joy to farmers. Particularly in the key agricultural markets of Rajasthan and Haryana, mustard prices have surpassed the Minimum Support Price (MSP). Just ten days ago, in the Lalsot and Mandawari markets, mustard with 42% oil content was priced between Rs 5,000 to Rs 5,100 per quintal. Currently, these prices have soared above the MSP of Rs 5,650, reaching Rs 5,700 per quintal. Mustard with 44% oil content is now fetching Rs 5,820 per quintal. This substantial price increase has led to a higher rush of mustard into the markets.

Shift Away from Government Procurement Centers

The rise in mustard prices has resulted in farmers showing less interest in selling their crops at the MSP to government procurement centers. Farmers are optimistic that prices will continue to rise, thus preferring to sell in the open market for better returns. This trend has also been beneficial for commission agents who facilitate sales. The agents are pleased as this shift means more business and higher profits for both themselves and the farmers.

Prices of Gram Also Rising

In addition to mustard, gram prices have also experienced an upward trend. Over the past month, gram prices have risen by approximately Rs 1,100 per quintal. A month ago, gram was priced at Rs 5,300 per quintal in the markets, but it has now surged to Rs 6,400 per quintal. The MSP for gram for the Rabi marketing season 2024-25 is set at Rs 5,440 per quintal by the government, while the current market prices are considerably higher.

Also Read: Gram Prices Hit Record High, Crossing Rs. 9000 Mark

Current Market Prices of Mustard

According to Commodity Online, the average price of mustard is Rs 5,393.36 per quintal. The lowest market price stands at Rs 4,001 per quintal, while the highest reaches Rs 6,011 per quintal.

Highest Mustard Prices in Various Mandis:

• Malpura Mandi, Tonk, Rajasthan: Rs 6,011 per quintal
• Surajgarh Mandi, Sikar, Rajasthan: Rs 5,700 per quintal
• Lashkar Mandi, Gwalior, Madhya Pradesh: Rs 5,835 per quintal
• Vijaypur Mandi, Sheopur, Madhya Pradesh: Rs 5,650 per quintal
• Kurara Mandi, Hamirpur, Uttar Pradesh: Rs 5,670 per quintal
• Beldanga Mandi, Murshidabad, West Bengal: Rs 5,700 per quintal

Current Market Prices of Gram

The average price of gram is Rs 7,215 per quintal, with the lowest at Rs 7,110 and the highest at Rs 7,350 per quintal.

Gram Prices in Various Markets:

• Rajasthan:
  • Jaipur: Rs 7,270 per quintal
  • Bikaner: Rs 7,270 per quintal
  • Sri Ganganagar: Rs 7,550 per quintal
  • Kota: Rs 7,800 per quintal
• Madhya Pradesh:
  • Indore: Rs 7,290 per quintal
  • Harda: Rs 7,130 per quintal
  • Jhansi: Rs 7,500 per quintal
  • Neemuch: Rs 7,120 per quintal
  • Ujjain: Rs 7,230 per quintal
  • Vidisha: Rs 7,250 per quintal
  • Dewas: Rs 7,230 per quintal
  • Ratlam: Rs 7,300 per quintal
• Maharashtra:
  • Mumbai: Rs 7,710 per quintal
  • Nagpur: Rs 7,180 per quintal

Future Market Trends

Market experts predict that the prices of mustard and gram may remain above the MSP for some time. Farmers are advised to sell their crops now to take advantage of the favorable prices. However, the prices could remain volatile. As long as mustard is being purchased at the MSP, market prices are likely to stay high, but they may decrease afterward. Therefore, farmers should not delay selling in hopes of further price increases.

Advice to Farmers

Market prices for mustard and gram fluctuate daily. Farmers are advised to check local market prices before selling their crops to ensure they get the best possible returns. Making informed decisions based on current market rates is essential for maximizing profits. This cautious approach will help farmers make the most of the current favorable market conditions.

Also Read: Boost Your Paddy Yield: 50% Subsidy on Improved Seeds

CMV360 Says

The recent rise in mustard and gram prices above MSP has brought relief and optimism to farmers. With mustard prices reaching up to Rs 6,011 per quintal and gram prices up to Rs 7,800 per quintal, farmers are advised to sell now to maximize profits. While the market outlook remains positive, price volatility is expected, so timely selling is crucial for farmers to benefit from the current trends.