Mustard MSP: Mustard prices in the wholesale market have fallen below the MSP of Rs 5,450 per quintal and arrivals are increasing on a daily basis.
Mustard MSP: The Solvent Extractors Association (SEA) of India, the main body of edible oil organizations, has demanded intervention from the government after mustard prices fell below the Minimum Support Price (MSP). Along with this, SEA has also asked to stop the import of Refined Palm Oil and start procurement of mustard by the government as a measure to prevent the fall in prices.
In a demand letter to both the food and commerce secretaries, SEA has said that mustard prices in the wholesale market have fallen below the MSP of Rs 5,450 per quintal and arrivals are increasing on a daily basis.
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Unbridled refined palm oil imports bring down prices
SEA executive director BV Mehta said further fall in prices cannot be ruled out. He also said that unbridled import of refined palm oil has led to a fall in domestic edible oil prices, which is affecting the sale of mustard seeds during the peak harvesting season and putting farmers in distress. He said, we feel that the heavy import of refined palmolein is neither helping our mustard farmer nor the Indian refining industry.
These suggestions were given to stop the fall in prices
In order to prevent further fall in prices, SEA has suggested that the government may reduce this fall by keeping the import of refined palm oil in a restricted category or by increasing the import duty difference between crude palm oil (CPO) and palmolein to at least 20%. stop the Apart from this, the government can start procurement of mustard on MSP through agencies like Nafed.
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According to government data, in the current crop year 2022-23 (July-June), rapeseed-mustard has been sown in an area of 98.02 lakh hectares.
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