Various factors causing the Price of Mustard Oil in India to Increases

The wholesale of Indian mustard oil surged by +26.37% YoY. The price stood at USD 2.37/kg in W3 Feb-22, compared to the same period in 2021 was USD 1.87/kg in 2021. High raw materials, which is the mustard seed increased by +42.11% YoY to 0.91 per kg in W3 Feb-22, led the price of mustard oil also rose. Additionally, other vegetable oil shortages put pressure on Indian mustard oil prices.