India Edible Oil
Mustard, soybean rise; groundnut prices unavailable
This story was originally published at 16:41 IST on 6 June 2025
Register to read our real-time news.Informist, Friday, Jun. 6, 2025
By Taniva Singha Roy
MUMBAI – Prices of mustard and soybean rose in the key market of Kota, Rajasthan, Friday. Market participants expect prices of mustard seed to recover further from mid-June due to demand ahead of the festival season.
Prices of MUSTARD seed in Kota rose by INR 50 to INR 6,250 per 100 kilograms, according to Marudhar Trading Agency. Arrivals of the seed across the country were at 18,000 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 estimates, mustard seed production in crop year 2024-25 (Jul-Jun) is projected at 12.6 million tonnes, down from 13.3 million tonnes a year ago.
GROUNDNUT prices in Gujarat were unavailable Friday as markets were shut ahead of Eid-ul-Adha. The previous day, prices were steady at INR 4,200-INR 5,550 per 100 kg at Gondal, Gujarat. Any price improvement in groundnut is unlikely in the near term, said Dilipbhai Ramani, a trader from 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 the global markets," Ramani said.
SOYBEAN prices in Kota, Rajasthan, were up INR 50 at INR 4,250 per 100 kg. Arrivals were unchanged at 9,000 bags. In the long term, soybean prices may see a bearish trend due to oversupply in domestic markets, high soyoil imports, cautious buying, and availability of soymeal substitutes, said Sandeep Sarda, a trader from Madhya Pradesh.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Kota | 6,250 | 50 |
Soybean | Kota | 4,250 | 50 |
Groundnut | Gondal | -- | -- |
End
Edited by Nishant Maher
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