AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityRapeseed

Date01/10/2019

Policy CategoryProduction

Policy InstrumentProduction support measures

DescriptionAnnounced an increase in the state-mandated minimum support prices for winter (Rabi) crops in the 2020/21 marketing year, raising the support price for rapeseed by 5.4 percent to INR 44 250 per tonne (USD 584).

NotesINDIA – production support: In October, the Government announced an increase in the state-mandated minimum support prices (MSP) for winter/Rabi crops, applicable in the 2020/21 marketing year. For rapeseed, the MSP has been raised by 5.4 percent to 44 250 INR per tonne (USD 616). Reportedly, during the month of October, wholesale prices ranged below the new MSP. Market observers expect the higher MSP to result in a further year-on-year increase in rapeseed plantings.