IVPA welcomes Govt’s decision to increase MSP for oilseeds
Indian Vegetable Oil Producers’ Association welcomed India’s higher 2026-27 MSPs for oilseeds including sunflower, soybean, sesamum and groundnut, saying stronger price support will boost farmer confidence, encourage crop diversification, strengthen domestic edible oil production and help reduce the country’s import dependence.
The Indian Vegetable Oil Producers’ Association (IVPA) has welcomed the Government’s decision to increase the Minimum Support Prices (MSP) for kharif crops for marketing season 2026-27, particularly the significant hikes announced for oilseeds such as sunflower, soybean, sesamum and groundnut.
Quoting Sudhakar Desai, President of IVPA, a media statement said: “A sustainable edible oil economy requires a balanced approach that protects farmer remuneration while also safeguarding consumer affordability. MSP support plays a critical role in strengthening farmer confidence and encouraging crop diversification towards oilseeds.”
The association noted that higher MSP support for oilseeds is aligned with India’s long-term objective of reducing import dependence and strengthening domestic oilseed productivity and value addition.
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Source : The Hindu Business Line
