India Edible Oil
Soybean steady; mustard seen rising in long term
This story was originally published at 19:41 IST on 5 June 2025
Register to read our real-time news.Informist, Thursday, Jun. 5, 2025
By Anjali Lavania
MUMBAI – Prices of mustard, soybean, and groundnut were steady Thursday. Market participants expect prices of mustard seed to recover mid-June ahead of festival season demand.
Prices of MUSTARD seed in Jaipur were steady at INR 6,700-INR 6,725 per 100 kg, according to the Marudhar Trading Agency. Arrivals of the seed across the country were down by 25,000 bags at 500,000 bags (1 bag = 50 kg).
"Mustard prices are expected to rise in the long term on estimation of lower production this year," said Mahesh Sameriya, a trader from Rajasthan. According to the government's third advance estimate, mustard seed production is estimated at 12.6 million tonnes for the crop year 2024-25 (Jul-Jun), down from 13.3 million tonnes a year ago.
GROUNDNUT prices were steady at INR 4,200-INR 5,550 per 100 kg at Gondal in Gujarat. "Groundnut prices have not been performing well for a long time owing to persistently poor export demand for Indian groundnut and its oil in global markets," said Dilipbhai Ramani, a trader from Gujarat. Ramani does not expect any improvement in groundnut prices in the near-to-medium term.
SOYBEAN prices in Indore, Madhya Pradesh, were steady at INR 3,650-INR 4,050 per 100 kg. Arrivals fell 100 bags to 2,900 bags. "Soybean prices may see a bearish trend in the long term due to oversupply in domestic markets, high soyoil imports, cautious buying by buyers, and availability of soymeal substitutes," said Sandeep Sarda, a trader from Madhya Pradesh.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Jaipur | 6,700-6,725 | -- |
Soybean | Indore | 3,650-4,050 | -- |
Groundnut | Gondal | 4,200-5,550 | -- |
End
Edited by Nishant Maher
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