Mustard prices tumble under weight of heavy arrivals, cheap imported oil

Earlier, a similar zero duty quota on the import of refined soybean oil was abolished

Prices of mustard seed are tumbling because of bumper output and the availability of cheap imported edible oils, putting growers in stress when the new crop is being harvested.

Though the prices have recovered a bit since Wednesday over talk of some damage to the standing crop due to the heat wave, the pullback has been marginal.

To stem the fall, the Central government recently abolished the zero tariff import of two million tonnes of sunflower oil, which it had permitted during the crisis caused by the Russia-Ukraine war, but trade sources say it isn’t enough.

Earlier, a similar zero duty quota on