AreaIndia

Commodity GroupOilseeds, oils and meals

CommodityOilseeds

Date01/06/2021

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionConfirmed the annual increase in the minimum support prices for all Kharif (summer) oilcrops for marketing year 2021/22, with a view to ensuring remunerative prices for growers.

NotesINDIA – agricultural policy – support prices: In June, to ensure remunerative prices for growers, the Central Government raised the minimum support prices for all Kharif (summer) crops for marketing year 2021/22. The support prices for soybeans, groundnuts, sunflowerseed, sesameseed and nigerseed were set at, respectively, INR 39 500, INR 55 500, INR 60 150, INR 73 070 and INR 69 300 per tonne (or USD 532, USD 748, USD 810, USD 984 and USD 934). Compared to last season, the support prices for the two key oilcrops, soybeans and groundnuts, have been raised by about 2 and 5 percent, respectively.