Mustard Oil Profile
Web Resources on
 

 

Special Commodity Report

 

 

Contract Specification

 

 

Global Scenario

  • The global production of rapeseed and its oil is around 38-42 and 12-14 million tons. 
  • China (11-12 million tons), EU (10-13 million tons), Canada (6-7 million tons) and India (4-7 million tons) are the world's major producers.
  • 4.5-6, 1.5 and 2.5 million tons of seed, oil and meal are traded globally.
  • Canada (2.5-3.5 million tons) and Australia (1.5 million tons) are major exporters, while Japan (2 million tons) and Mexico (1 million tons) are the major importers of seed.
  • Canada is the major exporter of oil too. US is the major importer of oil.

Major global Trading Centres

  • Winnipeg Commodity Exchange at Canada trades in canola (hybrid mustard) futures.

Indian Scenario

  • India produces 4-7, 1-2, 2-4 million tons of seed, oil and mustard. 
  • India does not export or import seed and oil. Meal is exported. 
  • Rapeseed & mustard is cultivated in the rabi season (Oct-Nov to Feb-Mar). Production is highly dependent on the weather. 
  • The major growing states are Rajasthan (40%), Uttar Pradesh (16%), Haryana/Punjab (15%). 
  • The oil content varies between 36-42%, with average oil recovery of 34-35%. The remaining is used as rapeseed meal cake.
  • India exports around 4 lakh tons of meal.

India in World Rapeseed Industry

    (Rounded figs.) India World % Share
      (In million tons)  
    Annual Seed Production 6 40 15
    Annual Oil Production 1.5 13 11.5
    Annual Oil Consumption 1.5 13 11.5
    Annual Meal Exports 0.4 3 13.3
    Annual Meal Consumption 2.5 20 12.5

 

 

 

 

 

Major Trading Centres in India

  • Hapur, Jaipur, Delhi, Kolkata, Mumbai, Indore, Alwar, Bharatpur, Jaipur, Sriganganagar in Rajasthan; Lawrence Road at Delhi are the major trading centers for rapeseed

Factors Influencing Rapeseed Oil Markets

  • Prices of major domestic and internationally traded oils and oilseeds, viz., soy, palm and groundnut. 
  • The Southwest monsoon, which determines the area coverage and crop yield during the forthcoming rabi season. This also determines the khariff oilseed production, which also has a significant influence on mustard seed/oil prices. 
  • The growing conditions during rabi - frost, pest. 
  • Stockists and speculators dominate the rapeseed trade as mainly small units carry out crushing.
 
Mustard Oil
 
  • www.seaofindia.org
  • www.fas.usda.gov
  • www.ers.usda.gov
  • www.commodityindia.com
  • www.eagritrader.com