Prices of Major Oilseeds Rise Above MSP Amidst Robust Trading Activity

05-May-2026 04:17 PM

Mumbai. Driven by strong buying interest from traders, stockists, oil millers, and processors—coupled with robust demand for edible oils and De-oiled Cake (DOC)—the prices of major oilseeds such as mustard, groundnut, soybean, and sesame are currently trending high and firm, thereby ensuring good returns for farmers. In fact, the wholesale market prices for all four of the aforementioned oilseeds are currently trading above their respective Minimum Support Prices (MSP).

For the 2025-26 season, the Central Government has fixed the MSP for soybean at ₹5,328 per quintal, mustard at ₹6,200 per quintal, groundnut at ₹7,263 per quintal, and sesame at ₹9,846 per quintal. Soybean is primarily produced during the Kharif season, while mustard is produced during the Rabi season; however, groundnut and sesame are cultivated during both seasons. Currently, the peak supply season for mustard is underway.

According to data compiled by 'I Grain India', the current wholesale market price for mustard in Charkhi, Haryana, stands at ₹7,100 per quintal—a premium of ₹900 per quintal over the MSP. Similarly, in Rajkot, Gujarat, the wholesale market price for groundnut has surged by ₹1,737 above the MSP, reaching ₹9,000 per quintal. In Indore, Madhya Pradesh, soybean prices are trading at a high of ₹6,600 per quintal, which is ₹1,272 above the MSP. Meanwhile, the wholesale market price for sesame in Rajkot has reached ₹11,000 per quintal, standing ₹1,154 per quintal above the Minimum Support Price.

Furthermore, the importation of edible oils is becoming increasingly expensive due to elevated prices for various edible oils in the international market, coupled with the significant depreciation of the Indian Rupee. Consequently, the prices of indigenous edible oils have remained firm, which is proving instrumental in keeping oilseed prices sustained at elevated levels.