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Safflower Seed, Oil & Meal

In India, Safflower seed is a rabi crop harvested during March/April. Majority of it is produced in Western India. The production for 2006-07 was 1,90,000 tons whereas the estimated production figure for 2007-08 has decline to 1,70,000 tons mainly due to decline in acreage by around 10% from 3.5 lakh hectare to 3.15 lakh hectare. India is one of the major producers of Safflower seed with U.S., Mexico and China being the other ones.

Indian safflower seed has special demand as bird seed due to its bold size and whitish colour. It is also known to be used as a substitute for sunflower seed in birdfeeders. Indigenously, use of safflower oil as cooking medium is on increase due to low saturated fats. Its flowers are known to be used for industrial and medicinal purposes.

Undecorticated safflower seed extraction with 20% crude protein rich in methionine is useful as an ingredient in formulated poultry feed. It is also used in cattle feed along with other meals such as cotton seed meal. Safflower meal is obtained by crushing its seeds for oil and further extracted and meal is formed as its by-product.

Europe, Japan & Taiwan are major importers of safflower seed from India. Export of safflower meal and safflower oil is almost nil as they have good domestic market where the price realisation is better than in the international market. The edible oil prices at national and international level mainly affects the safflower seed prices as its major quantity is used for crushing to obtain oil. It also sometimes move in tandem with niger seed as both are used as bird seeds. Commodity prices of safflower meal tends to move in conjunction with prices of other oilmeals and oilcakes.


Safflower Prices

(Indicative Safflower Commodity Prices in US$ PMT FOB port, India)

20th Oct - US$ 700-730
The prices remained on the same level. The prices of safflower oil too remained same at usd 1840-1850 in local mumbai market.

Safflower Seed Price Archives |Aug|Jun-Jul|Apr-May|

 

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