India Edible Oil
Steady; soybean seen easing in near-term on higher supply
This story was originally published at 19:31 IST on 6 May 2025
Register to read our real-time news.Informist, Tuesday, May 6, 2025
By Anjali Lavania
MUMBAI – Prices of all oilseeds, including mustard, soybean and groundnut, were steady in key spot markets on Tuesday, traders said. Market participants do not expect any major rise in prices of most oilseeds due to subdued demand and higher supply.
Prices of MUSTARD seed at Jaipur in Rajasthan were steady at INR 6,225-INR 6,250 per 100 kg, according to Marudhar Trading Agency. Arrivals of mustard across India increased by 25,000 bags to 450,000 bags (1 bag = 50 kg).
"Mustard prices are under pressure due to sluggish demand and continuous arrivals in mandis of Rajasthan, Uttar Pradesh and Haryana," said Mahesh Sameriya, a trader from Rajasthan. Moreover, sluggish exports of rapeseed meal are also depressing prices. The trend is expected to continue in the current month as well, he said.
Mustard prices at Kota in Rajasthan were steady at INR 6,100 per 100 kg. Arrivals were up 2,000 bags to 20,000 bags (1 bag = 90 kg), said Sameriya.
GROUNDNUT prices, including those of poor, medium and best varieties, were steady at INR 4,400-INR 5,750 per 100 kg in Gondal in Gujarat, said Ashok Virvani, a local trader. "Due to heavy rainfall on Tuesday in Gujarat, farmers avoided bringing more oilseeds in most of the mandis," he added.
The India Meteorological Department has issued a red alert for very heavy rainfall in parts of Gujarat on Tuesday and predicts heavy rainfall to continue over the region till Thursday.
Some improvement in groundnut prices is expected in the near term due to good export demand from China, Virvani said.
SOYBEAN prices at Indore in Madhya Pradesh were steady at 4,000-INR 4,250 per 100 kg, said Shailendra Soni, a local trader. Arrivals rose by 300 bags to 2,600 bags (1 bag = 90 kg). National Agricultural Cooperative Marketing Federation of India is actively selling soybeans, maintaining a steady supply in the market, he said.
"Ample supply and sluggish soymeal demand may limit the potential for significant gains in the short term. Soybean price movements will heavily rely on government sales now," he added.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Jaipur | 6,225-6,250 | -- |
Soybean | Indore | 4,000-4,250 | -- |
Groundnut | Gondal | 4,400-5,750 | -- |
End
Edited by Saji George Titus
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