Edible Oil Price: After the rise in the Chicago Exchange last night, the prices of all oilseeds closed strong in the country’s markets on Saturday. The prices of mustard, groundnut and soybean oil-oilseeds, crude palm oil (CPO) and palmolein and cottonseed oil closed on a strong note. Market sources said that the Chicago Exchange closed about 4.5 percent stronger last night and its effect was seen in all oilseed prices. Last week, the price of soybean degum oil increased to $990-1,000 per tonne from earlier $915-920. This rise strengthened the prices of all oilseeds. Farmers are not selling at lower prices.
Farmers do not want to sell mustard and soybean at low prices
Branded edible oil manufacturing companies do not have mustard stock. Trapped in any rumour, the farmers have not yet chosen the path of impatient selling. Similarly, the availability of cottonseed is also very less. Farmers are also avoiding selling soybean at low prices. They are hopeful that the government will find a way to prepare the situation for consumption of indigenous oilseeds in the market. Mustard and groundnut are still being sold at prices below the Minimum Support Price (MSP).
The prices of oil and oilseeds were as follows:
- Mustard oilseeds – Rs 5,535-5,585 per quintal.
- Groundnut – Rs 6,150-6,425 per quintal.
- Groundnut Oil Mill Delivery (Gujarat) – Rs 14,850 per quintal.
- Groundnut refined oil Rs 2,250-2,515 per tin.
- Mustard Oil Dadri – Rs 10,450 per quintal.
- Mustard Pakki Ghani – Rs 1,785-1,885 per tin.
- Mustard Kachchi Ghani – Rs 1,785-1,900 per tin.
- Sesame Oil Mill Delivery – Rs 18,900-21,000 per quintal.
- Soybean Oil Mill Delivery Delhi – Rs 10,000 per quintal.
- Soybean Mill Delivery Indore – Rs 9,750 per quintal.
- Soybean oil Degum, Kandla – Rs 8,350 per quintal.
- CPO ex-Kandla – Rs 8,750 per quintal.
- Cottonseed Mill Delivery (Haryana) – Rs 9,800 per quintal.
- Palmolein RBD, Delhi – Rs 9,875 per quintal.
- Palmolein Ex- Kandla – Rs 9,000 (without GST) per quintal.
- Soybean grain – Rs 4,885-4,905 per quintal.
- Soybean loose – Rs 4,685-4,725 per quintal.
- Maize cake (Sariska) – Rs 4,075 per quintal.
Latest Business News
