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1990-91 Production (In Million Tonnes) 8 (S ou rc e: Agr ima r ket .net) 8 Rapeseed Import Rapeseed‐mustard crops (Brassica rapa, B. juncea and B. napus) are important for the Indian economy, since India imports large quantities of edible oils despite having the largest area of cultivated oilseeds in the world. In the recent past, the country has grown to become one of the major vegetable oil importers due to a decline in oilseeds production and a steady fall in international prices. China, India and Japan are considered as net importers in the international Rapeseed Oil trade. Export Rapeseed/Mustard contains high amount of erucic acid (which may cause cardiac problems) and glucosinolates (sulphur compounds present in oil cake which are harmful to animals as feed). Consequently, despite high production, the Indian rapeseed mustard varieties have limited export market as they do not match up to the requisite international standards, namely ʺCanolaʺ quality, which must have less than 2% erucic acid in the seed oil and less than 30 micromoles of glucosinolate for every gram of oil free cake. Although as India produces over 6 million tonnes of rapeseed‐mustard, there is a low demand for Indian mustard oil and cake in the international markets mainly for the above said two reasons. Prices Following are the general Mustard price trend in India from Jaipur and Kota market showing an upward movement from November 07‐ October 08. 9 Rapeseed Prices of Mustard in India
2900 Average Price (Rs./Qntl.) 2800
2100 Mustard Jaipur Oct-08 Sep-08 Aug-08 Jul-08 Jun-08 May-08 Apr-08 Mar-08 Feb-08 Jan-08 Dec-07 Nov-07 2000 Mustard Kota (S ou rc e: Agrima rket .net ) 10...
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- Spring '14