IVPA Welcomes MSP Hike For Oilseeds; Reiterates Need For Stable And Dynamic Duty Framework.

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New Delhi, Delhi, 14th of May, 2026 : The Indian Vegetable Oil Producers’ Association (IVPA) welcomes 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.

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.

Commenting on the announcement, Sudhakar Desai, President, Indian Vegetable Oil Producers’ Association (IVPA) 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.”

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 Association further 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.

About Indian Vegetables oil Producers’ Association (IVPA):

The Indian Vegetable Oil Producers Association (IVPA) is a five-decade-old apex trade body representing India’s edible oil and oilseed value chain. It serves as a unified platform for producers, refiners, and traders to promote growth, self- sufficiency, and sustainable practices in the vegetable oil sector. IVPA actively engages with the government, industry stakeholders, and international organisations to shape policy, encourage innovation, and ensure fair trade and consumer welfare.