India Edible Oil
All oilseeds steady; prices to fall on lower demand
This story was originally published at 16:05 IST on 10 July 2025
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By Taniva Singha Roy
MUMBAI – Prices of all oilseeds remained steady in key markets Thursday, traders said. Prices are expected to stay range-bound or fall in the coming days, driven by subdued demand for both consumption and animal feed, they said.
Prices of MUSTARD seed in Jaipur, Rajasthan, held steady at INR 7,150-INR 7,175 per 100 kilogram, according to commodities trader Marudhar Trading Agency. Arrivals of the oilseed across the country were down at 350,000 bags from 375,000 bags the previous day, said Rajesh Patel of GGN Research. Higher carryover stocks from the previous harvest amid low demand from the edible oil industry is likely to keep prices steady or lower, said traders.
SOYBEAN prices in Ratlam, Madhya Pradesh, remained stable at INR 3,900-INR 4,300 per 100 kg, local trader Narendra Porwal said. Arrivals were also steady at 3,200 bags, (1 bag = 100 kg), he said. According to experts, soybean prices are expected to decline as demand shifts to the more affordable palm oil.
Palm oil is trading at a discount of $90–$100 per tonne compared to soybean oil, according to media reports. In June, India imported over 800,000 tonnes of palm oil, making it one of the most cost-effective edible oil options. In Godal, Gujarat, prices of soybean were unavailable as markets were shut on account of Guru Purnima, said Ashok Virvani, a local trader.
GROUNDNUT prices in Ratlam remained stable at INR 4,700-INR 5,700 per 100 kg, with arrivals steady at 1,400 bags, Porwal said. Like soybean, groundnut prices are expected to decline in the medium term on weak demand due to increasing availability of cheaper imported palm oil, commonly used as a substitute for groundnut oil in cooking.
COMMODITY | MARKET | PRICE (INR/100 kg) | CHANGE (in INR) |
Mustard | Jaipur | 7,150-7,175 | -- |
Soybean | Ratlam | 3,900-4,300 | -- |
Groundnut | Ratlam | 4,700-5,700 | -- |
End
Edited by Subhojit Sarkar
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