Impact of Binola Seed Price Drop on Sesame Prices

07-Feb-2025 09:24 AM

Impact of Binola Seed Price Drop on Sesame Prices
★ Recently, CCI reduced the prices of Binola Seed, which has had an impact on cottonseed oil.
★ Gujarat, where both cotton and groundnut crops are produced, has been most affected, and groundnut prices have also fallen.
★ Groundnut prices were already below MSP, and the reduction in Binola Seed prices has worsened the situation.
★ I Grain India believes that the decline in edible oil prices may now stabilize.
★ The edible oils market has been cold for a long time, and demand is now being awaited.