During the second quarter of 2025, safflower oil prices witnessed an oscillating trend in the Indian market. At the beginning of the quarter, the safflower prices were stable. However, after the government lowered import taxes on crude edible oils, the safflower oil prices started softening.
The move created a brief boost in trade margins and instilled the perception of weaker prices in the market. But as the conflict between Israel and Iran intensified, global trading routes were strained, and price fluctuations got a little intense. Safflower oil, like other vegetable oils, witnessed price gains in the wake of volatile global supplies and uncertainty about the supply in the future.
Towards the end of the quarter, prices again eased as further tensions were eased in the global oil markets by the arrival of shipments on duty-paid terms. This period of stability was short-lived, however, as seasonal influences like the monsoon and an increase in demand prior to regional festivals fueled upward pressures once more. Consumers and retailers resumed restocking, driving prices again higher.