March 30, 2023

New Delhi. Edible Oil Price: Mustard, groundnut, soybean oil, oilseeds, cottonseed, crude palm oil (CPO) and palmolein prices rose on Saturday in Delhi oil oilseeds market due to winter demand and reduced supply. Sesame oil prices also increased due to export demand. Closed with improvements. Traders said that due to the import demand from abroad, there was a substantial improvement in the price of sesame oil. Farmers had sold soyabean in August last year at a price of about Rs 10,000 per quintal, which this time is selling at Rs 5,500, Rs 5,600 per quintal.

Although this price is more than the Minimum Support Price (MSP) but it is less than the last year’s price. This time the farmers had bought seeds too expensive. Due to which farmers are avoiding selling at low prices. Due to this, mustard, groundnut and soybean oil oilseeds prices improved. There is an improvement in soybean oil oilseed prices due to the emptying of the pipeline of soybean oil plants.

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Farmers and consumers are worried due to the decline of foreign markets
Sources said that the government will have to make vigorous efforts to achieve self-reliance in edible oil matters and for this it is most important that futures trading of edible oils should not be opened. This only encourages betting. He said that in the month of April-May 2022, when there was a huge shortage of imported oils, then with the help of indigenous oil oilseeds, it was successful to meet this shortage and at that time the futures trading of edible oils was also closed. Keeping this fact in mind, it is very important to increase oilseeds production in the country and achieve self-reliance at one time. Domestic oil industry, farmers and consumers are troubled by the decline of foreign markets and the rapid increase.

In 1991 92, the country was self-sufficient in edible oils
Sources said that in the year 1991-92, the country was almost self-sufficient in edible oil even though there was no futures trading in edible oils. Along with this, the country also earned a substantial amount of foreign exchange by exporting De Oiled Cake (DOC) of oilseeds and oilseeds. But today the country’s dependence on foreign countries in the matter of edible oil is increasing and a huge amount of foreign exchange is also being spent.

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The prices of oilseeds were as follows on Saturday:
Mustard oilseeds 7,475 7,525 (42 percent condition price) per quintal.

Groundnut 6,810 Rs 6,870 per quintal.

Groundnut Oil Mill Delivery (Gujarat) Rs 15,620 per quintal.

Groundnut refined oil Rs 2,520 2,780 per tin.

Mustard oil Dadri Rs 15,400 per quintal.

Sarson Pakki Ghani 2,340 Rs 2,470 per tin.

Sarson Kachchi Ghani 2,410 Rs 2,525 per tin.

Sesame Oil Mill Delivery Rs 18,900 21,000 per quintal.

Soyabean Oil Mill Delivery Delhi Rs 15,100 per quintal.

Soybean Mill Delivery Indore Rs 14,800 per quintal.

Soyabean oil Degum, Kandla Rs 13,550 per quintal.

CPO ex Kandla Rs 9,200 per quintal.

Cottonseed Mill Delivery (Haryana) Rs 13,400 per quintal.

Palmolein RBD, Delhi Rs 10,800 per quintal.

Palmolein X Kandla Rs.9,800 (without GST) per quintal.

Soyabean grain Rs 5,800 5,900 per quintal.

Soyabean loose Rs 5,610 5,660 per quintal.

Maize Khal (Sariska) Rs 4,010 per quintal.

Tags: edible oil, edible oil price, Mustard Oil

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