Stock Position Mustard arrivals have reached 50.25 lakh tonnes this season, with crushing activity remaining steady at 35 lakh tonnes processed so far. Farmers are currently holding around 60 lakh tonnes, reflecting a 2.5% increase compared to the same period last year. However, processors and stockists are operating with 26% less stock, signaling tightness in the trade pipeline. Additionally, government procurement has dropped significantly, with public agencies holding 15.5 lakh tonnes as of early June a sharp 42.59% decline from last year. Oil & Meal Market Insights Mustard meal prices have recently dropped by ₹25–₹30 per quintal, influenced by global market trends. China approval of rapeseed meal imports from Uruguay, prompted by high tariffs on Canadian supplies, is expected to boost Indian rapeseed meal exports in the near future. Meanwhile, a steady decline in soybean and palm oil prices has widened the price gap with mustard oil, affecting mustard oil demand at higher price levels. Lower crushing volumes have also reduced mustard oil availability, preventing a major correction in large markets. Price Trends & Future Outlook The bullish phase in mustard prices appears to have peaked, but lower stock levels and strong fundamentals are expected to support prices in the long run. Currently, Jaipur mustard prices are hovering near the ₹6,850 resistance mark, with expectations of ₹150–₹200 fluctuations through June and July.