Edible Oil Prices Plummet: Mustard, Groundnut, Soybean Drops

New Delhi, April 6, 2025 Edible oil prices across India witnessed a significant drop this week, driven by international market fluctuations following U.S. tariff changes. Major oils such as mustard, groundnut, soybean, crude palm oil, palmolein, and cottonseed oil all reported notable reductions in wholesale prices.

International Factors Influence Domestic Market

Experts attribute the declining trend to softening crude palm oil (CPO) prices in the global market. CPO, which stood at $1,200–$1,205 per tonne last week, dipped to $1,160–$1,165 per tonne. The narrowing gap between palm oil and soybean prices, from $100 to about $60, weakened market sentiment further.

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Mustard Oil Prices Fall Across Categories

Mustard Seed: ₹6,200–₹6,300/quintal (↓ ₹75)
Mustard Dadri Oil: ₹13,000/quintal (↓ ₹450)
Mustard Pakki Ghani Oil: ₹2,340–₹2,440/tin (↓ ₹40)
Mustard Kachi Ghani Oil: ₹2,340–₹2,465/tin (↓ ₹40)

These consistent reductions highlight easing demand and possible oversupply in the mustard oil market.

Groundnut Oil Sees Notable Drop

Groundnut Oilseed: ₹5,700–₹6,075/quintal (↓ ₹150)
Groundnut Oil (Gujarat): ₹14,200/tin (↓ ₹450)
Groundnut Solvent Refined Oil: ₹2,235–₹2,535/tin (↓ ₹55)

These declines mark the growing competitiveness among oils, particularly as groundnut oil contends with reduced consumer spending.

Crude Palm and Palmolein Oils Dip Further

Crude Palm Oil (CPO): ₹12,700/quintal (↓ ₹350)
Palmolein (Delhi): ₹14,100/quintal (↓ ₹400)
Palmolein (ex-Kandla): ₹13,100/quintal (↓ ₹350)

Being widely used in food processing and restaurants, falling palm oil prices could bring down food inflation if the trend continues.

Cottonseed Oil Also Down

Cottonseed Oil: ₹13,500/quintal (↓ ₹375)

Following broader trends, cottonseed oil prices aligned with the downtrend, adding further pressure to oilseed markets.

Market Outlook: More Volatility Ahead

Analysts caution that this downtrend may persist amid global economic uncertainties and geopolitical tensions. With supply chains adjusting post-tariffs and demand fluctuating, price instability is expected in the coming weeks.

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Author Profile

Ganpat Singh Chouhan: My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.

Edible Oil Prices Drop Sharply Across India: Mustard, Groundnut, and Soybean Oils See Notable Decline

International Factors Influence Domestic Market