India Edible Oil
Mustard rises; groundnut, soybean down on weak demand
This story was originally published at 17:13 IST on 18 June 2025
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By Taniva Singha Roy
MUMBAI - Prices of mustard rose in key markets Wednesday while those of soybean and groundnut fell, said traders. They expect oilseed prices to remain steady or weaken hereon due to weak demand, which is likely to pick up only around ahead of festival season.
Prices of MUSTARD seed at Kota in Rajasthan rose INR 50 to INR 4,350-INR 6,450 per 100 kilograms and arrivals were at 19,000 bags, down by 1,000 bags from the previous day, said Mahesh Sameriya, a local trader. Prices increased due to slightly lower arrivals, he said.
According to traders, mustard prices are expected to rise in the long term due to prospects of lower production, traders said. The government's third advance estimates project mustard seed output for the crop year 2024-25 (Jul-Jun) at 12.6 million tonnes, down from 13.3 million tonnes a year ago.
GROUNDNUT prices in Gondal, Gujarat, fell by INR 400 to INR 4,500-INR 5,200 per 100 kg, said Ashok Virvani, a trader from Gujarat. Prices of refined oil are likely to fall as imports will decline with rising import duty differential between crude edible oil and refined edible oils. This will weigh on the overall prices of oilseeds as well, market experts said.
Additionally, groundnut demand remains weak due to the availability of cheaper imported palm oil, which is commonly used as a substitute for groundnut oil in cooking.
SOYBEAN prices in Gondal fell by INR 100 to INR 3,700-INR 4,000 per 100 kg, said Virvani. Prices are likely to continue to move downwards for the next three to four months, he said.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Kota | 4,350-6,450 | 50 |
Soybean | Gondal | 3,700-4,000 | (-)100 |
Groundnut | Gondal | 4,500-5,200 | (-)400 |
End
Edited by Subhojit Sarkar
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