edible oil
Edible Oil Prices: All oil and oilseed prices improved in major markets of the country on Saturday due to increase in demand abroad and winter demand. The prices of mustard, groundnut and soybean oil-oilseeds, crude palm oil (CPO), palmolein oil and cottonseed oil closed showing gains. Despite this improvement, the spot prices of groundnut, soybean and sunflower in the mandis are being quoted below the Minimum Support Price (MSP). Despite cotton prices being higher than MSP in Haryana and Punjab, farmers are selling less quantity of cotton, due to which the arrival in the market is reducing. Sources said that the arrival of mustard in the market is decreasing and this arrival has come down to 1.5 lakh bags.
Mustard oil becomes costlier due to less arrivals
The government should sell the mustard of cooperative organizations HAFED and NAFED only to the oil millers, so that after crushing the oil can be available in the market and the availability should increase for direct consumption and not be stocked. The government will have to be careful while selling mustard. The prices of mustard oil and oilseeds improved due to less arrivals. Sources said that farmers are avoiding selling peanuts at lower prices. The demand for eating whole peanuts has also increased in winter. The price of imported edible oils is now almost around that of groundnut, which used to be much higher than the imported oils about four-five months ago. But despite this improvement, the spot price of groundnut is still less than the MSP.
strength in soybean oil
Sources said that soybean oil and oilseed prices also remained strong amid the government’s assurance of purchasing soybean at MSP. On the other hand, demand for de-oiled cake (DOC) has also strengthened at the local level. But its spot price is still less than the MSP. He said that due to improvement in Malaysia Exchange and increase in speculation, CPO and palmolein oil prices are also improving. To avoid these fluctuations in foreign countries, the only way seems to be to increase the production of edible oil and oilseeds in the country. Sources said that despite getting good prices from MSP, farmers in Haryana and Punjab are bringing less cotton arrivals. Cottonseed oil prices improved due to low arrivals.
The prices of oil and oilseeds were as follows:
Mustard oilseeds – Rs 6,700-6,750 per quintal. Groundnut – Rs 6,725-7,000 per quintal. Groundnut Oil Mill Delivery (Gujarat) – Rs 15,675 per quintal. Groundnut refined oil – Rs 2,370-2,670 per tin. Mustard oil Dadri – Rs 14,150 per quintal. Mustard Pakki Ghani – Rs 2,310-2,410 per tin. Mustard Kachchi Ghani – Rs 2,310-2,435 per tin. Sesame Oil Mill Delivery – Rs 18,900-21,000 per quintal. Soybean oil mill delivery Delhi – Rs 14,650 per quintal. Soybean Mill Delivery Indore – Rs 14,400 per quintal. Soybean oil Degum, Kandla – Rs 10,675 per quintal. CPO Ex-Kandla – Rs 13,300 per quintal. Cottonseed Mill Delivery (Haryana) – Rs 13,700 per quintal. Palmolein RBD, Delhi – Rs 14,850 per quintal. Palmolein ex- Kandla – Rs 13,800 (without GST) per quintal. Soybean grain – Rs 4,625-4,675 per quintal. Soybean loose – Rs 4,325-4,360 per quintal. Maize cake (Sariska) – Rs 4,200 per quintal.
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