For the Quarter Ending December 2025
APAC
• In India, the Mustard Oil Price Index rose by 2.74% quarter-over-quarter, tight seed arrivals persisted.
• The average Mustard Oil price for the quarter was approximately USD 1644.66/MT, per wholesale series.
• Mustard Oil Spot Price firmness lifted the domestic Price Index while crushers reduced processing runs.
• Rising fuel, packaging, and logistics pushed the Mustard Oil Production Cost Trend, compressing miller margins.
• Festive-season household buying and processor restocking strengthened the Mustard Oil Demand Outlook for near-term consumption.
• Near-term Mustard Oil Price Forecast indicates upside risk, tempered by availability of cheaper imported oils.
• Inventory rebuilds in producing states helped temper volatility, keeping the Mustard Oil Price Index range-bound.
• Export interest and weaker rupee improved mill realizations while crushers preserved stocks, limiting market supply.
Why did the price of Mustard Oil change in December 2025 in APAC?
• Tight seed arrivals reduced crusher throughput significantly, tightening spot supply despite adequate pipeline inventories locally.
• Competition from cheaper imported palm and soybean oils limited domestic price upside by offering substitution.
• Higher input and logistics costs nudged ex-mill quotes upward while no major currency shocks occurred.
North America – Mustard Oil Market Overview
• In North America, the Mustard Oil Price Index edged higher quarter-over-quarter, supported by firm niche demand and limited domestic crushing activity.
• Mustard Oil Spot Price remained firm as specialty oil suppliers managed tight availability and buyers relied on regular replenishment rather than aggressive stocking.
• Mustard Oil Production Cost Trend moved upward as higher fuel, packaging, and freight expenses pressured margins for processors and importers.
• Mustard Oil Demand Outlook stayed stable-to-firm, driven by ethnic food consumption and steady retail off-take through the holiday period.
• Near-term Mustard Oil Price Forecast shows modest upside risk, constrained by competition from more readily available edible oils.
• Inventory positions remained balanced, preventing sharp volatility and keeping the Mustard Oil Price Index within a narrow range.
• Import dependence and logistical lead times supported pricing sentiment, while distributors limited excess stock buildup.
Why did the price of Mustard Oil change in December 2025 in North America?
• Higher logistics and handling costs pushed distributor offers upward despite stable underlying demand.
• Availability of substitute oils capped sharper price increases, keeping gains incremental.
Europe – Mustard Oil Market Overview
• In Europe, the Mustard Oil Price Index recorded mild quarter-over-quarter gains amid steady demand and constrained regional supply.
• Mustard Oil Spot Price stayed firm as specialty oil inventories were managed conservatively by importers and processors.
• Mustard Oil Production Cost Trend increased, influenced by elevated energy, packaging, and transportation expenses.
• Mustard Oil Demand Outlook remained resilient, supported by food processing demand and consistent household consumption in select markets.
• Near-term Mustard Oil Price Forecast points to limited upside, with ample availability of alternative edible oils acting as a ceiling.
• Inventory rebuilds helped stabilize the Mustard Oil Price Index, preventing sharp short-term swings.
• Import flows remained steady, while cautious buying behavior kept the market balanced rather than tight.
Why did the price of Mustard Oil change in December 2025 in Europe?
• Higher logistics and energy costs lifted importer and distributor pricing despite unchanged demand patterns.
• No major supply disruptions occurred, keeping availability sufficient but not excessive.
• Competitive pressure from cheaper edible oil substitutes restrained stronger upward price movement.
For the Quarter Ending September 2025
APAC
• In India, the Mustard Oil Price Index fell by 0.09% quarter-over-quarter, reflecting abundant post-rabi supply.
• The average Mustard Oil price for the quarter was approximately USD 1600.76/MT, per trade respondents.
• Domestic crushing uptick pressured Mustard Oil Spot Price and widened spreads, despite cheaper imported oil.
• Market models show Mustard Oil Price Forecast bullish ahead of festivals, supporting regional Price Index.
• Rising transport costs and monsoon handling increased Mustard Oil Production Cost Trend, limiting margin compression.
• Short-term Mustard Oil Demand Outlook remains seasonally firm due to festival buying and steady processing.
• Export inquiries and mill rationing supported local Price Index strength while stock distribution remained uneven.
• Inventories tightened near Agra, prompting mill premiums and short covering that influenced Price Index regionally.
Why did the price of Mustard Oil change in September 2025 in APAC?
• Post-rabi abundant seed arrivals increased crushing output, creating oversupply and downward pressure on mill prices.
• Reduced speculative activity and palm and soybean imports constrained domestic pricing power and buyer switching.
• Monsoon logistics delays and higher freight raised handling costs, supporting regional price firmness despite supply.
Europe
• Across key EU markets, the Mustard Oil Price Index eased quarter-over-quarter, with stable but uninspired consumption trends.
• Cheaper sunflower and rapeseed oil imports restrained Mustard Oil substitution demand.
• Retail offtake was modest, though niche segments in specialty food and condiment manufacturing provided baseline support.
• Production cost trend remained stable due to energy price normalization and efficient crushing operations.
• Demand outlook was steady to mildly weak, as processors prioritized clearing existing stock.
• Inventories across Western Europe remained comfortable, though localized tightening in Eastern Europe prompted minor mill premiums.
• Freight and currency factors were favorable; stable euro exchange rates and steady container availability reduced landed cost volatility.
• Supply chain operations continued smoothly, with ports maintaining consistent throughput and predictable delivery schedules.
North America
• In the U.S. and Canada, Mustard Oil Price Index slipped quarter-over-quarter, reflecting subdued downstream demand and high edible oil substitution.
• Refiner destocking and competitive pricing from soybean and canola oil suppliers softened spot sentiment.
• Food manufacturing and retail bottlers maintained conservative procurement due to adequate inventories and slower turnover.
• Stable freight and favorable exchange rates limited landed cost escalation, keeping the market rangebound.
• Production cost trend remained steady, supported by consistent processing margins and energy cost moderation.
• Demand outlook was steady to slightly weak as industrial users relied on contracted volumes rather than spot purchases.
• Inventories in midwestern hubs remained elevated, while the Pacific Northwest saw moderate tightening near processing centers.
• Logistics operated smoothly, with no major port delays or inland transportation issues reported.
For the Quarter Ending June 2025
North America
• The mustard oil market in North America showed a stable overall trend in Q2 2025. Spot prices modestly fluctuated, ending June near steady levels reflecting measured market adjustments amid global influences; mustard oil spot price stability was supported by closely monitored supply channels.
• The mustard oil price forecast for next quarter anticipates moderate growth driven by increasing consumer interest in health-conscious and organic oils, complemented by steady production cost trend that remains contained despite moderate input cost pressures.
• Mustard Oil Production cost trend within the quarter indicated slight increases due to logistical expenses and input raw material price volatility; however, these costs were largely absorbed by processing efficiencies.
• Mustard Oil demand outlook within the quarter remained steady with increasing traction in ethnic and specialty food markets, sustaining stable consumption amid broader edible oil market fluctuations.
• June 2025 spot price behavior revealed minor price softening attributable to improved inventory levels and more competitive imports but without significant disruption to the pricing structure.
• Supply constraints were minimal, with good availability from regional distributors and importers supporting consistent market fulfillment.
• Increased emphasis on domestic manufacturing and quality certifications positively influenced consumer confidence and purchase behavior.
• Mustard Oil Pricing strategies incorporated promotional activities to maintain shelf presence amidst competitive edible oil alternatives, balancing supply-demand dynamics.
• Traders showed cautious buying patterns ahead of seasonal demand shifts expected in Q3, influencing spot price activity.
• The opportunity for growth remains linked to heightened awareness of mustard oil’s nutritional benefits, which suggests a positive long-term price forecast for next quarter despite current stable price trends.
APAC
• In APAC during Q2 2025, mustard oil prices experienced an overall upward trend paralleling the Indian market, with an average Quarter-over-Quarter price increase of approximately 1.57%, ending June 2025 with reuced spot prices at USD 1615/MT reflecting supply tightness and cost inflation.
• Mustard Oil Production cost trend within the quarter was characterized by increased procurement prices for mustard seeds, labor, and fuel, translating to higher oil production costs that reinforced price escalation.
• Mustard Oil Demand outlook within the quarter remained bullish, driven by cultural factors, health-conscious consumption, and seasonal festivals amplifying both retail and institutional uptake.
• In June 2025, a supply-weighted market scenario emerged due to abundant rabi harvest arrivals, which caused a partial correction in prices though still higher than start-of-quarter levels.
• Strategic stockpiling by traders through April and May created artificially constrained supply conditions, pushing prices upward before June’s market adjustment.
• The Mustard Oil price forecast for next quarter remains cautiously optimistic with expectations of moderate price corrections balanced by steady demand and possible input cost volatility.
• Limited imports of alternative oils reinforced reliance on mustard oil, supporting sustained demand and pricing power.
• Supply-side bottlenecks due to delayed harvests earlier in the quarter significantly influenced market dynamics and pricing strategy.
• Emerging consumer preference shifts towards traditional and natural cooking oils helped maintain robust demand despite seasonal fluctuations.
• Government policy in reducing edible oil import duties indirectly impacted mustard oil positioning, adding complexity to pricing and forward market projections.
Europe
• Europe reflected a stable to mildly upward mustard oil price trajectory, reflecting indirect influence from India’s upward market momentum; the price change for Europe hovered slightly positive, with June’s mustard oil spot price showing steady levels amid cautious supply-demand balancing.
• The production cost trend within the quarter showed modest increases driven by rising energy and transportation expenses influencing European processing and distribution costs.
• Mustard Oil Demand outlook within the quarter reflected growing niche market interest in mustard oil for specialty cuisines and health benefits, supporting steady consumption.
• June 2025 saw steady price behavior with no significant volatility, attributed to balanced inventories and stable procurement activities.
• The price forecast for next quarter anticipates moderate growth driven by sustained health-driven consumer demand and improved product availability.
• Import reliance on India and other key producers kept supply chains sensitive to external market changes, which influenced procurement strategies.
• Strategic collaborations between European importers and local distributors helped optimize supply responsiveness.
• Consumers’ growing trend towards organic and cold-pressed mustard oils supported pricing resilience.
• Regulatory frameworks causing logistical challenges were managed effectively, limiting production cost escalations.
• Forward-looking market behavior suggests potential for incremental price improvements tied to specialty product promotion and expanding consumer education efforts.
For the Quarter Ending March 2025
North America
In North America, mustard oil prices in Q1 2025 experienced moderate fluctuations, with the market initially seeing a slight increase in January. This rise was mainly attributed to steady demand from both industrial and retail sectors, which were bolstered by strong consumer preferences for mustard oil. Furthermore, supply constraints from key producing regions coupled with global market uncertainties contributed to upward pressure on prices. Despite these factors, the North American market remained relatively stable compared to other regions, with prices showing resilience due to ongoing local demand.
However, by February, price trends started to reverse as the market adjusted to the supply influx. A significant amount of mustard oil from Canadian and U.S. suppliers entered the market, easing previous supply tightness. This shift, along with weakened consumer demand after the January rush, led to a reduction in prices. The seasonal dip in consumption, combined with a reduction in speculative buying, further contributed to the downward trend.
By March, the market stabilized with prices remaining relatively flat, as the balance between supply and demand appeared to be restored. Although some challenges remained, including potential export fluctuations, the outlook for the North American mustard oil market was cautiously optimistic heading into the next quarter.
Asia Pacific
In Q1 2025, India’s mustard oil market saw significant fluctuations in prices. January began with an upward trend, driven by a weak rupee, rising consumer demand, and limited supply. The depreciation of the Indian currency made imports more expensive, benefiting local traders with higher profit margins. Supply constraints, coupled with steady demand from both retail and industrial sectors, kept prices resilient despite fluctuating international edible oil prices.
However, in February 2025, the market experienced a sharp decline in prices. This was primarily due to an influx of mustard arrivals from key producing states like Madhya Pradesh and Rajasthan, which increased supply and pressured prices downward. Additionally, consumers shifted to alternative edible oils, and speculative buying declined as buyers anticipated further price drops. Seasonal factors, with rising temperatures, also reduced mustard oil consumption.
By March, fresh crop arrivals from Haryana were expected, further adding to the supply glut. While the government's increase in Minimum Support Price (MSP) for mustard oil was aimed at boosting production, a decrease in sowing by 8% raised concerns for the long term. Overall, Q1 2025 ended with a correction in prices, which were expected to remain under pressure due to supply and demand dynamics, though further declines were seen as limited.
Europe
In Europe, the mustard oil market experienced a mixed price dynamic during Q1 2025. In January, prices increased, supported by consistent demand from both the industrial sector and retail consumption. The price hike was driven by rising raw material costs and the relative stability of local markets. However, European producers continued to face supply challenges, notably the growing pressure of import costs.
In February, a downward trend took hold of the European mustard oil market. The price decline was due to an influx of products from key producing regions, especially higher arrivals of mustard seeds from France and Spain. At the same time, consumer demand decreased due to rising temperatures and seasonality, contributing to a reduction in sales volumes.
By March, although the price decline continued, some stability returned to the market. Production expectations were moderate, with a more balanced supply, and prices began to stabilize, though they remained under constant pressure. The outlook for the European market in Q2 2025 suggested a cautious recovery, provided that production and consumption dynamics remained balanced.
