Mustard, soybean, and oil prices decline on a weekly basis

11-Feb-2026 12:06 PM

New Delhi. Due to sporadic arrivals of new supplies, wholesale mustard oil prices declined sharply during the week of February 10th compared to the week of February 6th. The supply and availability of new mustard seeds is expected to increase rapidly in the coming days, which could put pressure on prices.

Meanwhile, as part of the bilateral trade agreement with the United States, import duties on soybean oil and DDGS are likely to be reduced or eliminated. This is impacting soybean and soybean oil prices in the domestic market.

Imports of DDGS will reduce domestic demand and consumption of soybean meal, impacting oil mills' revenues, which could lead to a softening of soybean prices.

Meanwhile, as part of the bilateral trade agreement with the United States, import duties on soybean oil and DDGS are likely to be reduced or eliminated. This is impacting soybean and soybean oil prices in the domestic market.

Import of DDGS will reduce domestic demand and consumption of soybean meal, impacting the income of oil mills, which may result in softening of soybean prices.

During the period under review, mustard seed prices in Jaipur (42 percent condition) declined from ₹7,350 per quintal to ₹7,100 per quintal, in Charkhi Dadri from ₹7,150 to ₹7,050 per quintal, in Bharatpur from ₹6,891 to ₹6,850 per quintal, and in Agra Shamsabad (Saloni) from ₹7,650 to ₹7,325 per quintal. Other markets also remained relatively weak.

As for mustard oil, the price of crude oil declined from ₹1,485 to ₹1,460 per 10 kg in Jaipur and from ₹1,480 to ₹1,465 per 10 kg in Bharatpur. The price of mustard expeller oil remained stable at ₹1,450 per 10 kg in Charkhi Dadri, but fell from ₹1,460 per 10 kg to ₹1,445 per 10 kg in Bharatpur.

Significant declines were also recorded in soybean and soybean oil prices on February 10 compared to February 6. Soybean prices fell from ₹5,650 per quintal in Amravati to ₹5,250 per quintal, and from ₹5,800 to ₹5,300 per quintal in Kota. Latur and Dewas also witnessed sharp declines in prices.

During the same period, the price of refined soybean oil declined by ₹15-20 per 10 kg, but in Kandla, the price improved by ₹5 to ₹1,370.