Trade and markets
 

Detail

Area
India
Commodity Group
Oilseeds, oils and meals
Commodity
All oilseeds
Date
01/10/2014
Policy Category
Production
Policy Instrument
Producer support
Description
Raised minimum support prices for rapeseed, mustardseed, safflowerseed and copra.
Notes
Support prices for rabi oilseeds crops (which will be sown later this year for harvest in 2015) have been revised upwards. For rape and mustardseed, the price per tonne has been set at Rs 31 000 (USD 505), and for safflowerseed at Rs. 30 500 (USD 476) – about 1.6% higher than last year. By comparison, the support prices for wheat, barley and lentils have been hiked by 3.5% – 4.5%, and for chickpeas by 2.4%.