Soyabean grain and loose (oilseeds) and soybean degum oil and cottonseed oil prices saw a decline in Delhi oil-oilseeds market, while mustard and groundnut oil-oilseeds, soybean Delhi and Indore and CPO and palmolein oil prices in normal business. closed on the former level. At the same time, the price of moong dal increased by Rs 100 per quintal in Sanyogitaganj Anaj Mandi of Indore on Thursday. Whereas, lentils sold costlier by Rs 25 per quintal.
Traders said on Thursday that the Malaysia Exchange was down about two per cent, while the Chicago Exchange is down 1.5 per cent. Sources said that after the fall in foreign exchanges, the prices of local oilseeds have declined. Indigenous oils are already trending down where mustard is the cheapest among all edible oils.
He said that the concern about hoarding of edible oils in the country is also unnecessary as there is no restriction on imports and the future import contracts of edible oils are priced lower than the current prices. In such a situation, there is no possibility of hoarding because indigenous oil and oilseeds are already very cheap.
Prices of oil and oilseeds remained as follows in Delhi Mandi
Increase in the price of moong dal in Indore
Pulses
Lentils
Rice