HAFED to Dispose of Over 36,000 MT of Mustard Seed, potential mustard price correction on the way

Rapeseed (Mustard Seed)

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HAFED is set to dispose of approximately 21,043.61 MT of Mustard Seed from the RMS-2022 batch starting on 29th May 2024, procured through e-auctions and tenders on a commercial basis, adhering to FAQ specifications with a minimum oil content of 40%. The stock is stored across various locations including Fatehabad, Sirsa, Mahendergarh, Ateli, and Kanina. Additionally, HAFED plans to dispose of 15,189.08 MT of Mustard Seed procured on MSP, stored in districts like Bhiwani, Fatehabad, Gurugram, Hisar, Jind, Rohtak, and Sirsa. The substantial disposal activity is expected to influence market dynamics and potentially limit gains.