SEA demands government intervention as mustard prices drop below MSP ...Middle East

Business Standard - Economy

Expressing concern over rape-mustard seed rates falling below the minimum support price (MSP), edible oil industry body SEA on Tuesday demanded the government commence procurement and restrict imports of refined palm oil as part of steps to arrest the price drop. Solvent Extractors Association of India (SEA), in a representation to both food and commerce secretaries, said mustard seed prices in the wholesale market yards have crashed below the MSP of Rs 5,450 per quintal and the arrivals are increasing on a daily basis. "Further drop in prices cannot be ruled out," SEA Executive Director B V Mehta said. He also noted that unbridled imports of refined palm oil have led to the collapse in dome

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Last updated : 28 February 2023 clock 03:45 PM

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SEA demands government intervention as mustard prices drop below MSP ...Middle East

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