India Edible Oil
All steady; oilseed prices likely to weaken on poor demand
This story was originally published at 17:27 IST on 19 June 2025
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By Taniva Singha Roy
MUMBAI – Prices of all oilseeds were steady in key domestic markets Thursday, traders said. They expect oilseed prices to remain steady or weaken hereon owing to weak demand. They see demand picking up only closer to the start of the festival season.
Prices of MUSTARD seed at Kota in Rajasthan were steady at INR 6,450 per 100 kg. Arrivals were at 18,000 bags, down 1,000 bags from Wednesday, said Mahesh Sameriya, a local trader. Prices are likely to increase in September as the festival season begins, he said. "There is very little demand at the moment as traders and households have already stocked up in May," Sameriya said.
The all-India arrivals of mustard seed were at 470,000 bags, said Rajesh Patel, managing director at GGN Research. According to traders, mustard seed prices are expected to rise in the long term, given the prospects of lower production. 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 Ratlam, Madhya Pradesh, were steady at INR 4,700-INR 5,900 per 100 kg and arrivals were at 1,600 bags, said Narendra Porwal, a local trader. In Gondal, Gujarat, prices were unavailable Thursday as the market was shut on account of by-elections in the state, according to Ashok Virvani, a Gujarat-based trader.
Prices of refined edible oils are expected to fall with imports of refined oils set to decline after the government on May 30 cut import duty on crude edible oils, increasing the duty differential between crude and refined edible oils. This means refiners are likely to import more crude edible oils and refine them domestically. This will weigh on prices of oilseeds as well, market experts said. Additionally, demand for groundnut remains weak owing to the availability of cheaper imported palm oil, which is commonly used as a substitute for groundnut oil in cooking.
SOYBEAN prices in the Ratlam market were steady at INR 3,800-INR 4,250 per 100 kg and arrivals were at 3,500 bags, said Porwal. Prices of soybean from the Gondal market were unavaiable. Prices are likely to continue to move downwards for the next 3-4 months, Virvani said.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Kota | 6,450 | -- |
Soybean | Ratlam | 3,800-4,250 | -- |
Groundnut | Gondal | 4,700-5,900 | -- |
End
Edited by Rajeev Pai
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