The Indian Vegetable Oil Producers’ Association (IVPA) has welcomed the Government’s decision to increase the Minimum Support Prices (MSP) for kharif crops for marketing season 2026-27, particularly the significant hikes announced for oilseeds such as sunflower, soybean, sesamum and groundnut.
Quoting Sudhakar Desai, President of IVPA, a media statement said: “A sustainable edible oil economy requires a balanced approach that protects farmer remuneration while also safeguarding consumer affordability. MSP support plays a critical role in strengthening farmer confidence and encouraging crop diversification towards oilseeds.”
The association noted that higher MSP support for oilseeds is aligned with India’s long-term objective of reducing import dependence and strengthening domestic oilseed productivity and value addition.
Response to global cycles
The continued upward revision in MSP reflects the Government’s commitment towards ensuring remunerative returns to farmers and encouraging higher domestic oilseed cultivation at a time when global agricultural markets remain volatile, it said.
IVPA believes India now needs a more stable and dynamic import duty framework that can respond to changing global price cycles, domestic crop economics and inflationary trends. A calibrated policy mechanism can help maintain equilibrium between farmer interests, industry viability and consumer price stability, the statement said.
Published on May 13, 2026