Mustard Seeds Price Trend and Forecast: Top 10 Leading Trading Countries and Regions - Latest Edition [2026]

The Expert Market Research pricing report on mustard seeds provides insights into the top 10 leading trading countries and regions.

Mustard seed prices experienced significant fluctuations during 2024, due to various factors including harvest yields, local market conditions, global supply and demand dynamics, and broader economic dynamics. Different trends were recorded in key mustard seed markets in Asia, North America, and Europe based on diverse production patterns and trading environments. As we move into 2025, the international mustard seed market is likely to face continued price pressure in the early part of the year, though some stabilisation may occur by mid-year.

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Mustard seed prices fell in the fourth quarter of 2024 compared to the same period in 2023, driven by several contributing factors. The primary reasons for the decline were an oversupply in the market and weak demand. Demand from oil mills and exporters decreased significantly in 2024, leading to a buildup of unsold inventory.

Mustard Seeds Price Forecast

Mustard seed prices declined sharply in early 2024 and remained under selling pressure throughout the year due to high domestic production, excess supply, and subdued demand. India, the leading producer, recorded strong output during the 2023–24 rabi season, which increased overall supply. Demand for mustard oil, a major product derived from mustard seeds, remained weak. The availability and use of more affordable alternatives like sunflower oil, palm oil, and soybean oil reduced the demand for mustard oil, further weighing on mustard seed demand.

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Forward-looking, as we head into 2025, the international mustard seed market is projected to continue to experience price pressure in the near term, but some stabilisation is possible by mid-year. The outlook is guarded because of persisting oversupply, soft demand, and overall economic uncertainty, but several possible changes might alter the market course. But steady rebalancing of supply-demand fundamentals, supported by possible export recovery and favourable oilseed market sentiment, may result in price stabilisation and modest recovery by mid to late 2025

Global Trade and Supply Chain Implications

Global mustard seed prices are determined by production trends, trade patterns, and supply chain factors. Good production in key producing nations such as India and Canada has created a surplus supply, putting downward pressure on prices in export markets. This surplus has created stiff competition for exporters, especially in Asia, Europe, and the Middle East. Meanwhile, transportation challenges, including rising freight rates and transport delays, have caused interruptions in the prompt movement of mustard seeds, thus causing regional price differences. Also, increased transportation costs lower both producers’ and traders’ profit margins, and hence make exports less competitive, further driving global mustard seed prices.

Feedstock Analysis

In 2024, the world mustard seed market experienced a price fall due to favourable feedstock conditions that resulted in a surplus supply. Major producing nations such as India and Canada observed optimal weather conditions, sufficient rainfall, prolonged winter temperatures, and optimum soil moisture, which favoured robust crop growth and record yields. The increased use of high-yielding and hybrid seeds further raised productivity per hectare, increasing the total output without drastically raising cultivation costs.

Apart from beneficial weather, the prices of major farm inputs like fertilisers and pesticides were steady or partly subsidised in most areas, particularly India. This made it easier on farmers' finances and stimulated a bigger sowing area under the cultivation of mustard. Therefore, domestic and export market supplies rose dramatically. Since demand has been quite consistent and export trade has been competed out and had logistical problems, the market had an imbalance, which resulted in prolonged downward pressure on mustard seed prices during the year.

Demand and Supply Outlook for Mustard Seeds

Mustard seed prices during 2025 are likely to be kept in check in the first half of the year, with carryover stocks of bumper harvests remaining high and weak demand from the edible oil industry. Excess supply in key producing nations such as India and Canada and high global competition, and persisting logistical challenges might keep prices suppressed. But if low returns deter farmers from increasing mustard acreage or if weather conditions negatively impact crop yields, supply might tighten later in the year, providing some price support. Increasing demand for premium, non-GMO, and sustainable mustard seed varieties in markets such as Europe and North America may offer limited upside. In general, while prices should continue to stay soft in the short term, a gradual recovery may start as early as late 2025 as market conditions begin to normalise.

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