AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityAll oilseeds

Date01/05/2014

Policy CategoryProduction

Policy InstrumentSupport prices

DescriptionRaised the minimum support prices for selected kharif oilseed crops, though soybean and groundnut, the two main kharif crops, will remain unchanged from last year.

NotesINDIA – minimum support prices: The government decided to raise the minimum support prices for selected kharif oilseed crops: for sunflower seed, the new price is Rs 37 500 per tonne (USD 624), which compares to Rs 37 000 last season; for sesame seed Rs 46 000 (USD 766), up from Rs 45 000; and for nigerseed Rs 36 000 (USD 599), up from Rs 35 000. By contrast, for soybean and groundnut, the two main kharif oilcrops, support prices will remain unchanged from last year. The prices for rice, selected coarse grains and pulses have also seen small upward adjustments.