The domestic mustard market witnessed a healthy rally this week, with prices rising by ₹100–200 per quintal across major mandis and processing plants. Although profit booking triggered brief corrections during the week, buying interest returned by the weekend, allowing the market to regain momentum. Among key benchmark markets, Jaipur mustard closed ₹100 higher at ₹8,025 per quintal, while Bharatpur gained ₹150 to ₹7,660. Sumerpur advanced ₹140 to ₹8,050, and Goyal Kota Plant recorded one of the strongest moves of the week, rising ₹200 to ₹8,000 per quintal. Procurement remained firm at major processing units as well. Saloni Plant increased mustard procurement prices by ₹200 per quintal, with closing rates at Shamshabad ₹8,875, Digner ₹8,885, Morena ₹8,875, Alwar ₹8,800, and Kota ₹8,800. Lower Arrivals Strengthen Market Sentiment Nationwide mustard arrivals declined sharply by nearly 100,000 bags, bringing total daily arrivals down to approximately 250,000 bags. The tightening supply has reinforced bullish sentiment and continues to provide strong support to domestic prices. Mustard Oil Remains Firm Mustard oil prices strengthened by ₹30–40 per 10 kg during the week. The rally has been supported by gains in international edible oil markets, along with a recovery in competing oils such as soybean and palm oil. Current market trends suggest no immediate signs of a major correction. As long as mustard oil holds above the key support level of ₹1,550 per 10 kg, any short-term decline is likely to be viewed as a buying opportunity. Stock Position Remains Comfortable According to the latest stock assessment, nearly 10 lakh tonnes of mustard arrived in mandis during June, taking cumulative arrivals for the season to 64.5 lakh tonnes. Out of this, approximately 53 lakh tonnes have already been crushed. At the beginning of July, farmers were estimated to be holding 51.25 lakh tonnes, while processors and stockists held around 13.5 lakh tonnes, resulting in a total available stock of 65.25 lakh tonnes. Although this is 6.7% lower than last year, it remains broadly sufficient to meet expected crushing demand of 65–68 lakh tonnes between July and February. Government Auction Has Limited Market Impact The governments mustard auction held on 10 July had little influence on market prices due to limited available stocks. With arrivals continuing to decline and demand for quality mustard remaining firm, prices are currently trading close to seasonal highs. BKC Aggregator View Market fundamentals continue to favour the bulls. While a short-term rally of another ₹25–50 per quintal could be followed by profit booking of ₹100–150 per quintal, the underlying supply-demand balance remains supportive, reducing the likelihood of any major downside correction. Following any corrective phase, the market is expected to regain strength. During July, mustard is likely to trade within a relatively narrow range of ₹100–200 per quintal. Looking ahead, seasonal festive demand from August onwards is expected to provide fresh momentum, with the potential for a stronger rally leading into the Diwali season. Technical Outlook Jaipur mustard is currently trading at ₹8,025 per quintal. The ₹8,150 level remains a crucial resistance. A sustained move above this level could signal the beginning of the next leg of the bullish trend. Disclaimer: This report is based on prevailing market trends and available industry data. It is intended solely for informational purposes and should not be considered as investment or trading advice. Market participants should exercise their own judgment before taking any trading decisions.