Mustard Seeds Price Trend: Real-Time Data, Global Trade Overview and 2025 Forecast

Mustard Seeds Price Trends and Outlook (FOB South Asia)

The price trends for mustard seeds in the South Asian FOB market have shown a mixed pattern over the last few months, reflecting both supply-side and demand-side dynamics. In October 2024, mustard seed prices rose to USD 732/MT, up 13% from USD 650/MT in October 2023. This significant year-on-year (YoY) increase was largely driven by supply chain tightening in the earlier part of the year and firm international demand. However, the trend began to shift in subsequent months.

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In November 2024, prices stood at USD 774/MT, only a modest 3% increase compared to the USD 754/MT recorded in November 2023. The slower pace of price growth indicated early signs of demand moderation and growing inventories. By December 2024, the bearish trend became more apparent. Prices dropped to USD 680/MT, marking a 7% YoY decline from USD 735/MT in December 2023. This fall underscores the growing concerns around oversupply and weakening demand from key importers, particularly in light of stable edible oil prices, such as palm oil, which often move in tandem with mustard seed demand.

Looking ahead to the second half (H2) of 2025, market conditions are expected to exert further downward pressure on prices. Persistent oversupply, particularly in South Asia, coupled with subdued global demand, will likely weigh on market sentiment. Additionally, price competition from alternative oils and the absence of major weather-related disruptions could further soften mustard seed prices. Traders and producers should prepare for a bearish pricing environment, with price stability being closely tied to broader trends in the edible oil market and potential policy shifts in exporting countries. Strategic inventory management and demand-side incentives may be crucial in navigating the anticipated softness in H2 2025.

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Global Mustard Seeds Trade Overview

The global mustard seed trade is shaped by a diverse set of leading exporting and importing countries, as well as a wide network of major suppliers that play a pivotal role in meeting global demand. Here's a closer look at the key players in the international mustard seed market:

Leading Exporting Countries

The top exporters of mustard seeds include both traditional agricultural powerhouses and emerging players. Canada remains the dominant exporter, supported by its large-scale production and well-developed agribusiness infrastructure. Russia and Ukraine follow closely, leveraging their fertile lands and increasing investments in oilseed crops. Other notable exporters include Germany, the USA, India, Poland, and Belgium, all of which contribute significantly to the global supply, catering to a mix of culinary and industrial uses.

Leading Importing Countries

On the demand side, European countries dominate mustard seed imports. Germany, the USA, and Poland are key importers, driven by strong domestic processing industries and the popularity of mustard as a condiment. Other major importers include Mongolia, France, Belgium, Nepal, and the Netherlands. These countries rely heavily on imports to support both food production and value-added processing for export markets.

Major Suppliers

A mix of global and regional suppliers ensures mustard seeds reach end users efficiently. Prominent names include McCormick & Company (USA), a leader in the spice industry; Sakai Spice Corporation (Canada); and Megha Corporation and Organic Products India, both of which represent India's growing presence in the spice export market. Other key players include Sun Impex International (UAE), Bennett's Holding (Canada), Consolidated Mills Inc. (USA), and Dedere Deutschland GmbH (Germany), each catering to a variety of clients across the food and ingredients sectors.

Together, these exporters, importers, and suppliers form the backbone of the global mustard seed value chain, ensuring consistent availability across markets.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Mustard Seeds Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for mustard seeds. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing mustard seeds prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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