India Edible Oil
Groundnut prices fall on poor seed quality; soybean unch
This story was originally published at 20:37 IST on 10 June 2025
Register to read our real-time news.Informist, Tuesday, Jun. 10, 2025
By J. Navya Sruthi
MUMBAI – Prices of groundnut were down Tuesday due to large availability of poor quality seeds, damaged due to heavy rainfall, traders said. Prices of mustard were also down while those of soybean were steady from the previous day, traders added.
GROUNDNUT prices were down by around INR 300 at INR 4,500-INR 6,000 per 100 kilograms at Gondal, Gujarat, with arrivals at 14,610 bags, said local trader Ashok Virvani. Prices fell as there was poor quality oilseed available in the market due to heavy rain, said Virvani. Prices have been low for a long time owing to persistently poor export demand for Indian groundnut and its oil in global markets.
Prices of MUSTARD seed in Kota, Rajasthan fell by INR 50 to INR 6,200 per 100 kg, according to Mahesh Sameriya, a trader from Rajasthan. Arrivals of the seed across the country were steady at 18,000 bags (1 bag = 50 kg). However, mustard prices are likely to improve in the coming days owing to festival demand, he said.
Traders expect mustard prices to rise in the long term on lower production estimate for this year. 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.
SOYBEAN prices in Ratlam, Madhya Pradesh, were steady at INR 3,800-INR 4,300 per 100 kg and arrivals were unchanged at 2,900 bags, local trader Narendra Porwal said. In Gondal, soybean prices were steady at INR 3,800-INR 4,100 per 100 kg with arrivals at 13,600 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, traders said.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Kota | 6,200 | (-)50 |
Soybean | Ratlam | 3,800-4,300 | -- |
Groundnut | Gondal | 4,500-6,000 | (-)300 |
End
With inputs from Taniva Singha Roy
Edited by Nishant Maher
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