India Edible Oil
Mustard prices down on tepid demand, soybean steady
This story was originally published at 18:25 IST on 8 April 2025
Register to read our real-time news.Informist, Tuesday, Apr. 8, 2025
By Afra Abubacker
NEW DELHI – Mustard prices fell amid weak demand and expectations of higher arrivals in the coming weeks, traders said. Soybean and groundnut rates remained steady. Traders see prices of oilseeds coming under pressure amid increasing arrivals and weak export demand.
Prices of MUSTARD were down INR 75 at INR 6,300-INR 6,325 per 100 kg, according to Marudhar Trading Agency. "This week started with a small recovery of INR 25. Mustard prices may hardly touch INR 6,500-INR 6800 in the near term, due to pressure from increasing arrivals," said Mahesh Sameriya, a trader from Rajasthan.
Mustard prices in Kota, Rajasthan, were steady at INR 5,800 per 100 kg, with arrivals unchanged at 21,000 bags (1 bag = 50 kg), Sameriya said
SOYBEAN prices in Indore were steady at INR 3,800-INR 4,300 per 100 kg, with arrivals down by 1,000 bags at 3,000 bags (1 bag = 90 kg), said Narendra Porwal, a local trader. "Soybean prices have been down for the past two days. With soybean and soymeal arrivals in the global market from Brazil and Argentina, Indian soymeal exports demand will remain under pressure in the medium term," Porwal said.
GROUNDNUT prices in Gondal, Gujarat, were largely steady at INR 4,300-INR 5,850 per 100 kg, said Ashok Virvani, a local trader. "Export demand is negligible and Indian exporters are facing challenges. Farmers are also not satisfied with the returns and may shift to other crops next year that are more profitable," Virvani said.
"Overall, the Indian oil market is under pressure due to both domestic and international factors," he added.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Jaipur | 6,300-6,325 | (-)75 |
Soybean | Indore | 3,800-4,300 | -- |
Groundnut | Gondal | 4,300-5,850 | -- |
End
With inputs from Anjali Lavania
Edited by Avishek Dutta
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