Publish Date: | Sun, 27 Feb 2022 08:24 AM (IST)
Edible Oil Price: Indore (Naiduniya Representative). The government is worried about the rise in edible oils. Union Commerce, Industry and Civil Supplies Minister Piyush Goyal held a meeting with the edible oil producers on Friday. In this, the minister clearly asked the representatives of oil producers and their organizations not to profiteer in oils by taking advantage of the Russia-Ukraine crisis. Here Indian oil producers and importers have also told the government that there is still a lot of stock of edible oils in the country for about one and a half months. In such a situation, there will not be any situation like war, crisis of edible oils. There was also discussion on import of sunflower oil from Ukraine and stoppage of consignments of old deals.
During this discussion was also held to increase palm imports from Indonesia. Oil producers have said that this year the production of mustard is good in the country, so there is not much concern about inflation. However, edible oil manufacturers and importers have demanded from the government that duty on import of edible oils should be completely abolished. Another important meeting of the government and industry is expected ahead. Because of this, there is an atmosphere of panic in the market. Actually, there is panic in the market about what concrete steps the government should take to stop the rising oil prices.
Because of this, many plants have cut their purchase prices by 500 to 600 quintals on Saturday. On Saturday, the plant purchase price has come down to Rs 7150 in the 7050 above. On the other hand, soybean oil also registered a partial decline. However, due to non-availability of soya oil in the market and good pre-Holi demand, the situation of prolonged recession in soya oil is not being created. Indore soya oil declined by Rs 20 to Rs 1470-1475 and palm oil to Rs 1485-1490 per 10 kg.
Loose oil (per ten kg)
Indore Groundnut Oil 1480-1490, Mumbai Groundnut Oil 1490, Indore Soybean Refined 1470-1475, Indore Soyabean Solvent 1435-1440, Mumbai Soya Refined 1480, Mumbai Palm Oil 1410, Indore Palm 1485-1490, Rajkot Telia 2300, Gujarat Loose 1440, Cottonseed Oil Indore Rs.1370. Sarson Nimadi 6100-6200 Raida Rs.6000. Soybean DOC spot 60000 to 63000 ton.
Kapasya Khali in Indore – (60 kg recruitment) without tax rate – Indore 2100, Dewas 2100, Ujjain 2100, Khandwa 2075, Burhanpur 2075, Akola Rs 3200.
Soybean prices of plants
Prakash 7100, Kriti 7000, Mahakali 7000, Itarsi Isles 7200, Dharmapuri Rama 7000, Gujarat Ambuja Pithampur 7000, Avi 7100, Bansal 7150, Ruchi Manglia 7050, Prestige 7050, Lakshmi 7000, Mittal 7000, Itarsi Saawariya 7200, Neemuch Ms Salvex 7150, Dhanuka 7150, Agarwal 7150, Harda Salasar 7000, Kalapipal Ambika 7100, Mandsaur Amrit 7150, Pachore Amus 7200, Khandwa Oils 7000, Coronation 6950 and Shanti 7200.
Posted By: Prashant Pandey