Government price monitoring shows mustard oil prices rose, part of a sharp uptick across edible oils. The increase reflects India's dependence on imported edible oils, keeping domestic prices sensitive to global market conditions. Authorities said they will monitor the situation and act if needed.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Mustard Oil | India | FOB | USD 1,827.29/MT | August 2026 |
| Mustard Oil | USA | FOB | USD 1,986.90/MT | August 2026 |
| Mustard Oil | Russia | FOB | USD 1,975.55/MT | August 2026 |
| Mustard Oil | China | CIF | USD 1,867.72/MT | August 2026 |
| Mustard Oil | Canada | CIF | USD 2,023.23/MT | August 2026 |
| Mustard Oil | India | FOB | USD 1,773.79/MT | July 2026 |
| Mustard Oil | USA | FOB | USD 1,929.03/MT | July 2026 |
| Mustard Oil | Russia | FOB | USD 1,918.01/MT | July 2026 |
| Mustard Oil | China | CIF | USD 1,813.32/MT | July 2026 |
| Mustard Oil | Canada | CIF | USD 1,964.30/MT | July 2026 |
Stay updated with the latest Mustard Oil prices, historical data, and tailored regional analysis
Mustard oil prices in India moved higher through August, as wholesale prices in northern markets rose quickly and traders expected stronger demand for Raksha Bandhan and Janmashtami. Expensive competing oils added support. Landed costs for imported palm, soybean and sunflower oil were well above last year, and a weaker rupee raised import costs further, which kept buyers with domestic mustard oil. With vegetable oil prices sharply higher than a year earlier, the Indian government cut import duties from September 24, lowering the effective duty on crude palm and soybean oil from 16.5% to 11% and removing the basic duty on crude sunflower oil. The Food Ministry then asked processors to reduce retail prices before the festive season. Cheaper imported oils compete directly with mustard oil, which is likely to slow further gains. Outside India, oilseed costs eased, as rapeseed oil prices in Europe softened in September and Statistics Canada estimated canola output close to last year's record.
Analyst Insight
According to Procurement Resource, in the near term, mustard oil prices are likely to stabilise as duty cuts lower competing oil prices, though strong festive demand may keep values firm.
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Mustard oil markets showed an overall upward trend during H1’26, although regional fundamentals differed. In India, the prices of Mustard Oil were ~USD 1,668.92/MT in April and ~USD 1,685.00/MT in June, showing a marginal increase. Strong crusher demand and elevated imported edible-oil costs encouraged refiners to favor domestic mustard seed. Government procurement approvals covering about ~890,528 MT across Haryana and Uttar Pradesh also provided downside protection. Record 2025/26 rapeseed and mustard production of ~13.768 million MT prevented a sharper rise by keeping overall seed availability comfortable. In China, the prices of Mustard Oil were ~USD 1,645.49/MT in April and ~USD 1,722.00/MT in June, showing a ~4.6% increase. Market firmness reflected higher edible-oil replacement costs and steady food-sector consumption, although adequate domestic availability limited more aggressive gains. In Russia, the prices of Mustard Oil were ~USD 1,740.49/MT in April and ~USD 1,821.00/MT in June. Firmer global oilseed replacement costs and stronger edible-oil market sentiment supported the increase.
Mustard Oil is a reddish-brown or amber-coloured oil which is famous for its strong smell and sharp pungent flavour. The fatty vegetable oil is derived from mustard seeds via pressing. It is a versatile oil which is used for many culinary applications.
C4H5NS
As a culinary and massage oil in oral care, hygiene, skincare and haircare products.
MUSTARD OIL, oilofmustard, brassicaalba, brassicanigra, MUSTARD SEED OIL, Oele, Senf
Unilever, Cargill Incorporated, Archer Daniels Midland Company, Adani Wilmar Limited, Taj Agro Products, Emami Agro Ltd., K S Oils, Mother Dairy Fruit & Vegetable Pvt. Ltd., Ambuja Agro Industries Ltd, Bansal Oil Mill Limited
CurrencyUS$ (Data can also be provided in local currency)
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Mustard oil is produced by cleaning and grinding mustard seeds, followed by cold pressing. The resulting pressed seeds undergo cake sizing and solvent extraction. The extracted oil then undergoes degumming, bleaching, and deodorization to obtain pure mustard oil.
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