Crushing could lose momentum in the next months as many hope prices will continue rising
India has harvested a record rapeseed-mustard crop, but crushing could lose momentum in the coming months as many farmers are holding back from selling to oilseed processors in the hope of prices rising further.
Rapeseed prices were below Rs6,000 per 100kg in March 2021 when farmers started selling the last crop, but jumped to a record Rs8,813 in September. “[The] crop is far more than the last year, but crushing won’t pick up unless farmers sell their harvest,” Chatar said.
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