Soyabean, groundnut, and sunflower prices have fallen 8-25% below the Minimum Support Price (MSP) in agri-terminal markets during the early days of the harvesting season. Farmers face significant losses due to delayed MSP-based procurement, with soybean prices averaging ₹4,268 per quintal, 12.8% lower than the MSP. Large crop expectations and export uncertainties, particularly in Iran,…
According to a report released on Monday by the trade association Solvent Extractors’ Association of India (SEA), imports of edible oils—palm, soya bean, and sunflower—were down 23% to 3.64 million tones during the first quarter of the 2023–24 oil year (October–September) when compared to the same period the previous year. The nation imported 1.2 million…
The price of mustard seeds declined significantly during the last week, dropping by more than 3% to settle at levels of 5368. This was mostly brought on by negative elements such as higher carryforward stock, bumper crops, more arrivals, and higher imports of edible oil. In comparison to the typical level of 1.5–1.8 MMT, the…
India’s Solvent Extractors’ Association (SEA) has asked the Center to intervene quickly to stop the decline in mustard prices below the MSP (minimum support price). Ajay Jhunjhunwala, the president of SEA, claimed in a letter to the Centre that mustard prices have fallen below the MSP of $5,450 per quintal. A further decrease in costs…
The Government of India has been requested to impose a standard import charge on all crude edible oils the Solvent Extractors’ Association (SEA) of India. Ajay Jhunjhunwala, president of SEA, stated in a monthly letter to association members on Friday that the association sent a representation to the government in its pre-budget memorandum covering numerous…
On the strength of robust demand from crushing operations, traders, and stockists, soyabean prices, which were in a bearish mode until October’s end, have now reversed the trend. The government’s recent decision to relax the restrictions on edible oils and oilseed stock limits by exempting large chain retailers and wholesalers from the stock control order…
