Product
Mustard Seed Price Trend and Forecast
Mustard Seed Price Trend and Forecast
Mustard Seed Regional Price Overview
Get comprehensive insights into the Mustard Seed market, with a focused analysis of the Mustard Seed price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.
Mustard Seed Price Trend for the Second Half of 2024
Mustard seed markets fluctuated significantly in the second half of 2024, primarily due to developments in the downstream mustard oil sector. At the beginning of this period, mustard seed prices in India rose due to reduced production caused by unfavorable weather conditions, leading to a tighter supply. However, demand remained largely inelastic, as higher prices did not significantly deter purchases.
Mustard Seed Price Chart
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Additionally, disruptions in global supply chains, including port blockages and transportation delays, increased costs and reduced the availability of mustard seeds. The sustained demand for mustard oil in various food products prompted producers to explore ways to secure an adequate seed supply. Meanwhile, the Indian government’s initiatives to stabilize mustard oil prices by offering incentives for increased domestic production contributed to further market fluctuations.
By mid-October, the Indian government announced the Minimum Support Price (MSP) for Rabi crops, raising the MSP for mustard seeds for the 2025-26 season. This move reinforced its support for farmers and aimed to ensure profitability. The decision provided market stability, leading to a gradual normalization of prices. Towards the end of the year, prices further stabilized as the new crop entered the market. The increased availability alleviated supply constraints, offering relief to consumers from previously high prices.
Analyst Insight
According to Procurement Resource, mustard seed prices are expected to show a moderate performance in the coming months as well particularly in the Indian markets, as the commodity continues to enjoy a sustained place in the downstream sectors.
Procurement Resource provides latest prices of Mustard Seed. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Mustard Seed
Mustard seeds are small, round seeds harvested from the mustard plant, which belongs to the Brassicaceae family. These seeds come in three main varieties: yellow, brown, and black. Yellow mustard seeds are milder in flavor, while brown and black varieties are spicier and more pungent. Mustard seeds are widely used in cooking, particularly in Indian, Middle Eastern, and European cuisines, where they are ground into powder, used whole for tempering, or made into mustard paste. Rich in essential oils, fiber, and antioxidants, mustard seeds are valued for both their culinary and health benefits.
Mustard Seed Product Details
| Report Features | Details |
| Product Name | Mustard Seed |
| HS Code | 120750 |
| Supplier Database | Archer Daniels Midland Company, Cargill Inc., Dalmia Continental Pvt Ltd, ITC Ltd,Kamani Oil Industries, Kaveri Seeds |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Mustard Seed Industrial Uses
Mustard seeds have various industrial uses beyond their culinary applications. In the food industry, they are processed into mustard oil, which is widely used for cooking, frying, and as an ingredient in salad dressings. Mustard oil is also used in the production of soaps and cosmetics due to its moisturizing and antimicrobial properties. Additionally, mustard seeds are utilized in the production of animal feed and as a natural pesticide in agriculture. Their oil is also employed in the pharmaceutical industry for its anti-inflammatory and pain-relieving properties.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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