Higher global prices, tighter imports to boost India’s oilseed production: SEA
Higher global edible oil prices and tighter import supplies are boosting India’s oilseed sector, especially mustard oil, SEA President Sanjeev Asthana said. Mustard prices are ruling near ₹7,000/quintal against the ₹6,200 MSP, while April 2026 recorded a record 16 lakh tonnes of rapeseed-mustard crushing, improving supplies and farmer incomes.
Higher global edible oil prices and tighter import supplies are creating a positive momentum for India’s domestic oilseed sector, particularly mustard oil, according to Sanjeev Asthana, President of the Solvent Extractors’ Association of India (SEA).
In his monthly letter to the members of SEA on Wednesday, he said the domestic edible oil prices are moving in tandem with imported oil prices, thereby supporting mustard prices, which are currently ruling around ₹7,000 per quintal against the minimum support price (MSP) of ₹6,200 per quintal.
Encouragingly, April 2026 witnessed a record crushing of nearly 16 lakh tonnes (lt) of rapeseed-mustard, helping strengthen domestic edible oil availability while supporting better farmer realisations. He said the present trend is benefiting farmers through improved incomes and simultaneously reducing the Government’s burden relating to MSP procurement, storage, and carrying costs, thereby creating a positive situation for farmers, industry, and the overall edible oil economy.
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Source : The Hindu Businessline
