IVPA Welcomes CCEA’s Decision to Increase Oilseed MSP for 2025-26

The Indian Vegetable Oil Producers’ Association (IVPA) has expressed strong support for the Cabinet Committee on Economic Affairs’ (CCEA) decision to raise the Minimum Support Price (MSP) for oilseeds for the 2025-26 marketing season. The move is expected to enhance oilseed production, stabilize prices, and reduce India’s dependency on edible oil imports.  

 

Key Highlights of the MSP Increase  

- The government has increased the MSP for soybean to 5,328 rupees per quintal, up from 4,892 rupees in the previous season, reflecting an 8.9 percent growth.  

- Sunflower MSP has been raised to 7,721 rupees per quintal, marking a 6.1 percent increase from 7,280 rupees.  

- Groundnut MSP now stands at 7,263 rupees per quintal, compared to 6,783 rupees last year, showing a 7.1 percent rise.  

 

IVPA’s Recommendations and Industry Impact  

- IVPA President Sudhakar Desai emphasized the need to extend procurement interventions beyond mustard to include other major oilseeds, ensuring price stability across the sector.  

- The association has urged the government to implement the Price Deficiency Payment Scheme (PDPS) under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA).  

- A robust PDPS mechanism would secure remunerative prices for farmers and facilitate a steady supply of oilseeds to domestic oil mills, enhancing processing capacity and edible oil availability.  

 

Future Outlook and Policy Considerations  

- IVPA has called for measures to stabilize the prices of oil meals (de-oiled cakes), which are essential feedstock for the livestock and poultry industries.  

- Encouraging oilseed cultivation through assured pricing and comprehensive support mechanisms will contribute to greater edible oil self-sufficiency and price stability.  

- The association remains committed to partnering with the government to advance sustainable growth in India’s oilseed economy and ensure food security.  

 

Source: The Hindu Business Line, Nuffoods Spectrum, Agro Spectrum India.