Edible oil prices: Due to increase in government procurement of mustard, the prices of mustard, soybean oil-oilseeds, crude palm oil (CPO) and palmolein and cottonseed oil closed with improvement in the oil-oilseeds markets of the country on Saturday. Due to less buying at higher wholesale prices, the prices of groundnut oil and oilseeds closed at the previous level. Market informed sources said that after the increase in government procurement of mustard at Minimum Support Price (MSP) in many states, the prices of mustard as well as all edible oils and oilseeds improved. Due to high wholesale price of groundnut, there is less business in it. The crushing mills suffer a loss of Rs 4-5 per kg in crushing mustard and groundnut, because the wholesale prices of imported oils are low. Due to which the market sentiment is affected and there is difficulty in consumption of indigenous oilseeds.
Mustard farmers waiting for increase in government procurement
On the other hand, these edible oils are being sold at their full price in retail and there is a demand for these edible oils during Navratri and wedding season. According to sources, those who were spreading the news of increasing import of soybean and sunflower in the coming days in order to sell cheaply to the farmers and to break the price of mustard, are now silent and the farmers are also understanding that What was the reason for such rumours? Therefore, now these same farmers are waiting for increase in government procurement to sell these mustard crops at full price and are in no hurry.
Why are soybean farmers worried?
He said that due to this reason the arrival of mustard in the markets has remained stable at 9-9.25 lakh bags. Soybean farmers are in a different trouble because due to cheap wholesale prices of imported edible oils, their local production is not being consumed in the market and they have been saving their soybean grains (oilseeds) for the last six months. We will have to wait for the supply of edible oils to improve in the country. There is good demand for all edible oils in retail and this demand is likely to increase further in the coming days.
The prices of oil and oilseeds were as follows:
- Mustard oilseeds – Rs 5,435-5,475 per quintal.
- Groundnut – Rs 6,180-6,455 per quintal.
- Groundnut Oil Mill Delivery (Gujarat) – Rs 15,000 per quintal.
- Groundnut refined oil Rs 2,270-2,545 per tin.
- Mustard Oil Dadri – Rs 10,425 per quintal.
- Mustard Pakki Ghani – Rs 1,765-1,865 per tin.
- Mustard Kachchi Ghani – Rs 1,765 -1,880 per tin.
- Sesame Oil Mill Delivery – Rs 18,900-21,000 per quintal.
- Soybean oil mill delivery Delhi – Rs 10,700 per quintal.
- Soybean Mill Delivery Indore – Rs 10,450 per quintal.
- Soybean oil Degum, Kandla – Rs 9,075 per quintal.
- CPO ex-Kandla – Rs 9,450 per quintal.
- Cottonseed Mill Delivery (Haryana) – Rs 9,700 per quintal.
- Palmolein RBD, Delhi – Rs 10,750 per quintal.
- Palmolein ex- Kandla – Rs 9,800 (without GST) per quintal.
- Soybean grain – Rs 4,740-4,760 per quintal.
- Soybean loose – Rs 4,540-4,580 per quintal.
- Maize cake (Sariska) – Rs 4,075 per quintal.
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