Edible Oil Price in Indore: Indore (Naiduniya Representative). Investors are worried about the rise in edible oil prices amid rising tensions in Russia and Ukraine. Ukraine has imposed limits on the export of sunflower oil. Even after the war is over, it may now take up to a year for supplies to recover from Ukraine. There sunflower crops are also getting ruined by the war. There are reports that most countries of Europe will not ban oil imports from Russia. Here, America can take a decision on crude oil import from Russia. On the other hand, due to disruption in the supply of edible oils in the domestic market, the prices remained high. Now the hope of relief in oil prices rests only on the bumper crop of mustard in the country. Here the traders have demanded removal of the stock limit applicable on mustard. In fact, due to the imposition of stock limit, the procurement of mustard is not possible in sufficient quantity.
If the stock limit is not removed, then farmers may face problems in selling the goods. The Center has also given permission to eight states but the notification has not been issued there. On the other hand Soyabean Processors Association of India (SOPA) has sent suggestions to the government to control the prices of edible oil. SOPA has said that the government should talk to Indonesia and Argentina to reduce the duty applicable on the export of edible oils to them. At the same time, SOPA has advocated for strict control of oilseeds stock. SOPA said that if oilseeds are not able to go in stock, then they will reach the mills for crushing. This will increase the availability of oil in the country and soften the prices. SOPA has suggested to the government that like essential food grains, the government should also make buffer stock of edible oil in the country.
SOPA has also opposed the suggestion to increase the import of canola oil, saying that it will lead to adulteration of mustard oil. Also farmers will suffer. SOPA has also opposed SEA’s suggestion to import GM soymeal. On Tuesday, soya oil in Indore rose by Rs 20 to 1570 and groundnut oil by Rs 20-30 to Rs 1550-1580, palm oil in Indore reached Rs 1605 per ten kg. KLC was seen trading at 158 minus and position 21 plus. In the coming days, the government can again announce some steps regarding edible oils.
Cotton cake in Indore: (60 kg recruitment) without tax rate – Indore 2200, Dewas 2200, Ujjain 2200, Khandwa 2175, Burhanpur 2175, Akola Rs 3275.
Plant Price Soybean
Avi 7600, Prakash 7700, Bansal 7700, Betul 7700, Sonic 7700, Ruchi Manglia 7600, Kriti 7600, Prestige 7650, Lakshmi 7650, Vippy 7550, Mahakali 7600, Mittal 7650, Itarsi Saawariya 7700, Itarsi Isles 7600, Neemuch MS Salvex 7800, Dhanuka 7760, Agarwal 7750, Salasar 7700, Agrosolvent 7600, Kalapipal Ambika 7700, Khandwa Isles 7600, Amrit 7800, Surya Food 7811, Ambika 7700, Amus 7700, Coronation 7700, Living Food 7650, Rama 7400, RH Salvex 7600, KP Salvex, Niwari 7600, Adani Wilmar Vidisha 7725 and Shanti 7600 Rs.
Loose oil (per ten kg)
Indore Groundnut Oil 1550-1580, Mumbai Groundnut Oil 1550, Indore Soybean Refined 1570, Indore Soybean Solvent 1535-1540, Mumbai Soya Refined 1530, Mumbai Palm Oil 1530, Indore Palm 1605, Rajkot Telia 2360-2370, Cottonseed Oil Indore 1475-1480 Rupees.
Posted By: Prashant Pandey