Tight supply and potential demand growth have led to an improvement in mustard prices. However, the market saw a decline at the beginning of the week due to heavy sales by NAFED and weakness in the international market. So far, NAFED has sold approximately 8.5 lakh tons of mustard (excluding sales by HAFED). Since most of the mustard stock is now held by government agencies, the chances of a major price drop are low. After the initial drop in prices, mustard oil found support at ₹1350. Jaipur Kacchi Ghani oil rose to ₹1400-₹1405/kg. With increased consumption during the winter season, further price hikes are anticipated. However, weak export demand caused mustard meal exports to drop by 5% in October, reaching 1.60 lakh tons. Pressure on mustard meal prices persists due to DDGS and other cheaper alternatives. Mustard sowing remains behind last year's pace. Adverse weather conditions and the need for re-sowing pose a risk to this year’s production. High temperatures are also hampering crop growth. According to the Ministry of Agriculture, 29.01 lakh hectares of mustard have been sown in Rajasthan so far, which is 3.74% lower than the previous year. Tight supply in the open market and limited sales by government agencies are expected to keep mustard and mustard oil prices firm. Jaipur mustard has a strong support level at ₹6525, while long-term mustard oil prices may range between ₹1430-₹1450/kg. Conclusion The mustard and mustard oil markets remain well-balanced between demand and supply. Factors such as winter consumption, government control, and production risks are likely to maintain a bullish trend in the market.