Mustard Seed Price Trend Analysis 2026: Supply Demand Analysis, Historical Prices, Market Insights, Price Drivers & Latest News

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Written ByPragati Agarwal

Mustard Seed Latest Development

Mustard Oil Prices Rise on West Asia Crisis

Retail mustard oil prices have risen notably over the past six months, driven by the West Asia geopolitical crisis which pushed up global crude oil prices, freight, and marine insurance costs. Higher crude prices also diverted palm and soybean oil toward biofuel production, reducing export availability and further supporting edible oil prices. The Indian government has flagged adequate domestic availability but remains prepared for market interventions including import duty reviews.

Fertilizer Prices Elevated Heading Into Fall 2026

USDA-AMS data shows nitrogen and phosphorous fertilizer prices significantly higher than the prior two years as of early August, driven by the ongoing war in Iran and associated Strait of Hormuz logistics disruptions. Anhydrous ammonia and DAP have risen sharply since late February, while potash remains firm at elevated levels. Elevated prices and volatility are expected to persist, prompting farmers to reconsider fall application timing and acreage mix for the 2027 crop year.

Mustard Seed Price Trend 2025

The mustard seed market in India exhibited a mixed price trend throughout 2025, reflecting the interplay of supply-side developments and fluctuating demand conditions in the edible oil segment. Prices remained under pressure during the early part of the year, influenced by weak downstream consumption of mustard oil and softer sentiment across the broader vegetable oil complex. Market arrivals increased with the progression of the harvesting season, although farmer withholding limited the pace of inflows at times, leading to intermittent supply tightness.

As the year progressed, prices showed periods of stabilization, supported by adequate domestic availability and steady crushing activity. Oil mills operated at moderate utilization levels, constrained by limited margins and subdued performance in by-products such as mustard oilcake. Demand from bulk buyers and industrial users remained cautious, particularly in urban markets, while rural consumption gradually improved, providing some balance to the market.

Toward the latter part of the year, prices experienced a downward bias due to persistent weakness in mustard oil demand and sufficient stock levels in key producing regions. However, expectations of higher minimum support prices and increased sowing acreage provided some support to market sentiment. Favourable crop conditions and improved availability further influenced price movements, while higher import costs of competing edible oils encouraged domestic procurement.

Analyst Insight

According to Procurement Resource, mustard seed prices are expected to remain stable to slightly firm in the near term amid steady demand and controlled supply.

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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.

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 Detail

Hs Code
120750
Supplier Database

Archer Daniels Midland Company, Cargill Inc., Dalmia Continental Pvt Ltd, ITC Ltd,Kamani Oil Industries, Kaveri Seeds

Regional Coverage

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

CurrencyUS$ (Data can also be provided in local currency)

Supplier Database AvailabilityYes

Customization ScopeThe report can be customized as per the requirements of the customer

Post-Sale Analyst Support360-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.

Frequently Asked Questions

Mustard seed prices are expected to remain stable to slightly firm in the near term, supported by steady domestic demand and controlled supply. Higher minimum support prices and increased sowing acreage underpin market sentiment, while elevated import costs of competing edible oils encourage domestic procurement. Downside risks persist from weak mustard oil demand and sufficient stock levels in key producing regions, which could weigh on prices if consumption does not recover.
Mustard seed prices are driven mainly by the size and timing of the crop in the main producing countries, above all India, so acreage, yield and the pace of harvest arrivals set supply, while farmer withholding can create intermittent tightness. Crushing demand for mustard oil and meal, the minimum support price and the cost of competing edible oils shape the pull and the floor. Good harvests and weak oil demand pressure prices, while tight supply, firm oil demand or higher support prices lift them.
The mustard seed value chain begins with harvesting the seeds from the mustard plant, followed by cleaning, sorting, and grading by variety. The seeds are then processed into multiple products: cold-pressed or solvent-extracted mustard oil for cooking, frying, and salad dressings; ground powder and paste for culinary use; and refined oil for soaps, cosmetics, animal feed, natural pesticides, and pharmaceutical applications.
India is the dominant producing and consuming country, with domestic crushing activity and farmer withholding shaping supply flows, while Canada is the largest exporter of condiment mustard. Large agribusiness traders and Indian oil processors participate in the trade, but production is fragmented across many farms and mills rather than concentrated in a few firms. Asia Pacific is the primary consumption region, with import markets including Bangladesh and the Middle East. The concentration of production in India creates supply-security exposure for net-importing countries dependent on seasonal crop arrivals.
Procurement Resource assesses mustard seed prices through a structured, data-driven methodology that combines primary engagement with producers, suppliers and traders, secondary market data, and continuous monitoring of feedstock and input costs. Trade-flow and inventory tracking alongside exchange and spot benchmarks are validated and translated into a transparent price assessment and outlook. The detailed methodology is available on the Procurement Resource website.

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About the Author

Pragati Agarwal profile photo

Pragati Agarwal

Senior Business Insights Analyst

Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.

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