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Edible Oil Prices In India: The festive season is going on across the country. In such a situation, the prices of these oils including mustard oil-oilseeds, soybean (Mustard Oil – Oil Seeds, Soybean) are seeing an increase. After the exemption of duty-free import of 20 lakh tonnes per annum of soybean and sunflower oil, prices have increased due to reduced supply in the market, which has created a situation of inflation. It is being told that along with sunflower and soybean, the prices of mustard oil oilseeds have also increased.
market closed
In Gujarat, the demand for oil has been affected due to the closure of the market for a week. Due to this groundnut oil oilseeds prices have come down. On the other hand, the prices of oilseeds closed at the previous level. On the other hand, the Chicago Exchange closed with a gain of about 2 percent on Friday.
The boom seen in these oils
After the government’s decision to fix the quota for import of duty-free edible oils, the rest of the importers have pulled out of buying new deals. On importing beyond the prescribed quota, after paying import duty, their expensive oil will have to be consumed in the market. The market price is being fixed according to the cheap imported oils. In such a situation, due to lack of new deals, there has been a situation of short supply in the market. Due to this, besides soybean, mustard oil oilseeds, sunflower oil prices are seeing an increase.
this is the biggest problem
Let us tell you that the problem of short supply has arisen due to the Central Government fixing the quota of duty-free imports. Due to this, instead of getting cheaper oil, consumers have to buy it at a more expensive price. The government should allow open import or impose import duty as before. In both these cases, there will be substantial imports into the country and consumers will also have to pay lower prices due to competition. Consumers have to buy sunflower oil in bulk by about Rs 25 per kg and retail at Rs 40-50 per kg.
expensive purchase
The country’s leading oil industry body has informed the government that they had imported CPO 2-3 months ago at a price of $ 2,150 per tonne. Now its import price has come down to $ 900 per ton. Importers have to pay loans to banks and interest thereon for the oil they buy at high prices. Soybean oil oilseeds prices have improved due to increased export demand of soybean oil cakes abroad.
oilseeds prices
Mustard oilseeds – 7,100-7,125 (42 percent condition price) per quintal.
Groundnut – 6,870-6,935 per quintal.
Groundnut Oil Mill Delivery (Gujarat) – Rs 16,000 per quintal.
Groundnut refined oil Rs 2,560-2,820 per tin.
Mustard oil Dadri – Rs 14,700 per quintal.
Sarson Pakki Ghani – Rs 2,250-2,380 per tin.
Mustard Kachchi Ghani – Rs 2,320-2,435 per tin.
Sesame Oil Mill Delivery – Rs 18,800-20,500 per quintal.
Soyabean Oil Mill Delivery Delhi – Rs 14,200 per quintal.
Soybean Mill Delivery Indore – Rs 14,000 per quintal.
Soyabean oil Degum, Kandla – Rs 12,650 per quintal.
CPO Ex-Kandla – Rs 9,100 per quintal.
Cottonseed Mill Delivery (Haryana) – Rs 13,100 per quintal.
Palmolein RBD, Delhi – Rs 10,700 per quintal.
Palmolein Ex-Kandla – Rs 9,800 (without GST) per quintal.
Soyabean grain – Rs 5,300-5,350 per quintal.
Soyabean loose Rs 5,100-5,150 per quintal.
Maize Khal (Sariska) Rs 4,010 per quintal.
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