While there is a rise in the markets around the world, due to the increase in the arrival of mustard, the prices of almost all oilseeds, including mustard, groundnut, soybean, CPO and palmolein, closed with a fall in the Delhi oil-oilseeds market on Monday. Soyabean Indore and Cottonseed oil prices remained unchanged.
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The Malaysia Exchange was up 2.25 per cent while the Chicago Exchange was up by three per cent. Despite this boom in foreign countries, the prices of oilseeds were seen falling due to increase in the arrival of mustard in the mandis. About 12-12.5 lakh bags of mustard arrived in the mandis on Monday.
The government will have to keep a close watch on the business of oilseeds and in the event of market breakdown in the event of excessive production of oilseeds in the country or arbitrary fluctuations in foreign markets, the government will have to take such steps immediately so that the interests of the farmers of the country can be protected.
The wholesale price in Delhi Mandi was as follows- (Rs. per quintal)