India: High production and palmolein imports to blame for low market price of rapeseed?
RBD Palm Oil
Mustard Seed
India
Published Mar 7, 2023
Tridge summary
Mustard is a key oilseed crop for boosting domestic oilseed production and reducing the country’s dependence on import of edible oil
Original content
Mustard farmers are in a fix as the market prices of the rapeseed mustard crop were hovering close to the minimum support price (MSP) or even below in some areas the last few weeks. The government has declared an MSP of Rs 5,450 per quintal for rapeseed mustard for the current Rabi marketing season 2023-24. At the mandi (market) closest to 9 Knn village in Rajasthan’s Hanumangarh district, the prices are currently ruling between Rs 4,800-5,200 per quintal, said Jitender Kumar, a mustard farmer from the village. “Last year, the rates were between Rs 6,300-6,500 per quintal,” he added. Kunar has sown the crop on 1.5 hectare (ha). He feared that in the next 15 days when he will start harvesting the crop, the prices would fall further. Om Prakash, another mustard farmer from Charanwasi village in Hanumangarh, said that compared to last year’s prices of Rs 7,000 per quintal at the nearest Nohar mandi, the rates of the oilseed crop have fallen to Rs 5,200-Rs 5,400 per quintal. He added: ...
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