Mustard oil is expensive again! Know the latest prices of these edible oils including groundnut and soybean 2023

Crushers also say costs are higher because of higher prices. The same thing happens with other native oilseeds.

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Trading in the Delhi oilseeds market was mixed on Thursday. Mustard-oilseed oil Soybean oil prices decreased slightly, while soybean prices increased slightly. Groundnut oil, soybean oil, cotton, crude palm oil (CPO) and palm oil prices closed at previous levels. According to market sources, there was a slight decline of 0.1% on the Malaysian Exchange and a slight improvement of 0.5% on the Chicago Exchange.

Sources said the government abolished the soybean oil duty-free import quota system from April 1 and only previous import orders will be granted until March 31. Sources praised government move and stated that the government should set a maximum ceiling. retail price (MRP) only in the edible oil context, as MRP remains at Rs 20 for some retail companies and Rs 70 for others. 80 more than Rs.

Mustard seed prices increased

According to sources, this MRP is sucking up the country’s oil industry like a whale. Therefore, ordinary consumers do not benefit from global price reductions. He said that only in case of cooking oil, the government should decide that the maximum retail price cannot be kept above Rs 20-25 per kg. Sources said the price of mustard seeds has increased because farmers are not selling at low prices.

It will be difficult to eat mustard from the market

At the same time, crushers are also talking about high prices. The same thing happens with other native oilseeds. In this situation, mustard oil and oilseeds increased slightly. On the other hand, soybean prices decreased slightly as domestic oilseed demand weakened in the face of cheaper imported oil prices. Prices of oils and other oilseeds closed at previous levels in normal trading. According to sources, there is a need to curb the growing import of cooking oil in the country so that domestic oilseeds can be used in the market. The emergence of mustard has not yet begun and if the market is saturated with cheap imported oil, it will become difficult to get mustard on the market.

Oil and oilseed prices were as follows on Thursday

• Mustard oilseed – Rs 6,695-6,745/quintal (conditional rate 42%).
• Groundnut – Rs 6,675-6,735/quintal.
• Groundnut oil mill delivery (Gujarat) – Rs 15,780 per quintal.
• Refined groundnut oil costs Rs 2,490-2,755 per box.
• Dadri mustard oil – Rs 13,400/quintal.
• Pakki Ghani Mustard – Rs 2,040-2,170 per box.
• Sarisa Kachi Ghani – Rs 2,100-2,225 per box.
• Delivery at sesame oil factory – Rs 18,900-21,000 per quintal.
• Soybean oil mill delivery in Delhi – Rs 13,250/quintal.
• Indore soybean mill delivery – Rs 13,200 per quintal.
• Degem, Kandla soybean oil – Rs 11,650/quintal.
• CPO X-Kandla – Rs 8,450/quintal.
• Cotton seed mill delivery (Haryana) – Rs 11,800 per quintal.
• Palmolin RBD, Delhi – Rs 10,100/quintal.
• Palmolin X- Kandla – Rs 9,100/quintal (excluding GST).
• Soybean – Rs 5,575-5,675/quintal.
• Loose soybeans – Rs 5,320-5,340/quintal.
• Corn channel (Sariska) – Rs 4,010/quintal.

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TagAgriculture newsAgriculture news in Indiacooking oil price Increase in cooking oil price

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Source: Tekmonk Bio, Make Money Blogging

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