Amid ongoing festive demand, oilseed prices remained strong in the country’s market on Saturday. Market experts say that due to rising demand for edible oils and reduced imports, the government must take steps to address the shortfall. Mustard oil alone will not be enough to meet the demand.
Additionally, the availability of cottonseed is low, with only about 20% remaining with farmers. Experts also noted that palm olein prices are soaring, leading to a decline in its imports.
Mustard MSP Update
The current Minimum Support Price (MSP) of mustard is INR 5,650 per quintal. From March 28, mustard procurement will begin at the new MSP of INR 5,950 per quintal. Due to this, farmers are holding onto their stock to benefit from the increased price.
Government Raids on Adulterated Cottonseed Cake
Sources revealed that the government has conducted raids in some parts of western India after complaints of adulterated cottonseed cake. Continuous monitoring is needed to ensure market stability and maintain business confidence in the oilseed sector.
Boosting farmers’ income
Under HCM Dr. @himantabiswa’s vision, Assam Govt. offers MSP of ₹5,950 per quintal for mustard for the 3rd time. Farmers can register themselves on e-Samridhi & sell their produce between Feb 25 – May 25, 2025.
For details, contact your District… pic.twitter.com/sqo4b1tlQM
— Chief Minister Assam (@CMOfficeAssam) February 23, 2025
Need for Government Action
To boost oilseed production, the government must take special measures to ensure that increased production finds a stable market. A clear policy and structured taxation system are required. At present, crops like soybean, groundnut, and sunflower are being sold below MSP in the spot market, making it difficult for farmers to recover their costs.
Latest Oilseed Prices (Per Quintal)
- Mustard oilseeds – INR 6,300-6,400
- Peanuts – INR 5,650-5,975
- Peanut oil mill delivery (Gujarat) – INR 14,400
- Peanut refined oil – INR 2,210-2,510 per tin
- Mustard oil (Dadri) – INR 13,800
- Mustard Pakki Ghani – INR 2,365-2,465 per tin
- Mustard Kachchi Ghani – INR 2,365-2,490 per tin
- Sesame oil mill delivery – INR 18,900-21,000
- Soybean oil mill delivery (Delhi) – INR 14,350
- Soybean mill delivery (Indore) – INR 13,950
- Soybean oil degum (Kandla) – INR 10,250
- CPO ex-Kandla – INR 13,400
- Binola mill delivery (Haryana) – INR 13,400
- Palmolein RBD (Delhi) – INR 14,950
- Palmolein ex-Kandla – INR 13,850 (without GST)
- Soybean grain – INR 4,280-4,330
- Soybean lose – INR 3,980-4,080