Bullish Mustard Market Continues
PANAMA - Oct 15/21 - SNS -- Mustard seed markets continued their upward trek during the past week, with solid price gains posted for brown and yellow, while oriental remained unchanged.
It seems obvious short covering against production shortfalls on contracts with growers is having a powerful influence on short to medium term price direction.
This is influencing the willingness of some growers to participate in markets. Since the start of the 2021-22 marketing year, they have seen the best bids for brown jump 78%, compared to a 55% increase in prices offered for yellow and a 32% hike in oriental bid levels.
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