Mustard seed prices fall below MSP

Pune: Prices of mustard seeds, one of the main oilseeds crops of India, have crashed below the minimum support price (MSP).

High moisture in mustard due to unseasonal rainfall and cheaper import of other cooking oils like palm, soyabean and sunflower have dragged the mustard prices below the minimum support price (MSP) level.

As against the MSP of ₹5,450/quintal, mustard prices are currently ruling around ₹5,100-5,200/quintal in Rajasthan, the top producer of the crop. Last year around this time, mustard prices were ruling around ₹6,500/quintal.