The global mustard oil market displayed divergent pricing patterns across major regions, influenced by supply disruptions, exchange rate fluctuations, and shifting consumer preferences. As per the IMARC Group's latest industry report titled Mustard Oil Price Index, Trend and Forecast Data Report 2025 Edition, which provides updated insights for Q2 2025, reflected both upward and downward movements, with regional nuances driving market performance in North America, Asia Pacific, and Europe. While tightening seed supplies and procurement challenges lifted prices in some countries, others experienced relief due to strong harvests and softer demand.
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The present mustard oil prices across key markets reflect the material’s critical role in high-performance sectors such as health-focused food processing and specialty culinary applications, with supply constraints and evolving consumer preferences contributing to a stable global price trend.
Canada
Mustard oil prices in Canada reached USD 1928/MT in June 2025. The decline in mustard seed acreage constrained supply, although the price response was initially delayed. Toward the end of Q2, prices began to firm as buyers secured fall delivery contracts amid confirmation of acreage reductions.
Japan
In Japan, the price of mustard oil rose to USD 3237/MT during the second quarter of 2025. A strengthening Yen eased the cost of imports, while steady urban demand for cold-pressed oils and reduced supplies from exporting nations added upward pressure.
India
Mustard oil price in India stood at USD 1655/MT in Q2 2025. Delayed seed arrivals from major producing states like Rajasthan and Uttar Pradesh disrupted the typical supply cycle, prompting traders and processors to pay higher premiums to secure limited stock.
France
France mustard oil prices reached USD 2355/MT in June 2025. Prices trended downward due to abundant seed supply and seasonally reduced consumption, although rising post-harvest processing, labor, and energy costs helped establish a moderate price floor.
Australia
In Australia, mustard oil prices stood at USD 1860/MT in Q2 2025. Price trends were shaped by international import dynamics, local demand fluctuations, and competition from other edible oils, with overall market conditions contributing to a downward trend.
The global mustard oil market reached a value of USD 19.44 Billion in 2024 and is projected to grow to USD 26.26 Billion by 2033, expanding at a CAGR of 3.23% during 2025–2033. This growth is driven by the increasing demand for cold-pressed and unrefined oils, especially in urban and health-conscious populations, as well as the critical role of mustard oil in traditional cooking, natural remedies, and food processing across Asia-Pacific and other emerging markets.
Some of the key drivers contributing to this market expansion include the rising awareness of mustard oil’s health benefits, such as anti-inflammatory and antimicrobial properties, as well as its growing application in ayurvedic and therapeutic formulations. Additionally, supportive government initiatives in mustard-producing countries, increasing seed production, and the shift toward sustainable and locally sourced edible oils are further bolstering market growth on a global scale.
Mustard oil is gaining international traction due to its well-recognized health benefits, including anti-inflammatory properties, cardiovascular support, and positive effects on digestion and skin health. Its traditional role as a cooking medium in South Asian countries, valued for its pungent flavor and high smoke point, continues to drive demand both domestically and globally. Rising consumer awareness of its health-enhancing qualities is fueling its dual usage in edible and medicinal applications, particularly among health-conscious and diaspora consumers seeking authentic ingredients.
In addition, advancements in mustard seed cultivation and favorable agricultural policies also support market expansion. Furthermore, increased mustard seed output has helped stabilize the oil supply and improve affordability. In India, government initiatives such as minimum support prices and input subsidies are directly boosting production. Besides, improvements in packaging technology are enhancing shelf life and product accessibility, helping mustard oil reach a broader audience and reinforcing its position as a healthy alternative to conventional cooking oils.
IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.