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Many edible oils including mustard, groundnut and soybean have become cheaper, know the latest prices – India TV Hindi

edible oil

Photo:FILE edible oil

malaysia Due to the fall in the exchange, the prices of most of the domestic oil-oilseeds (mustard oil-oilseeds, groundnut oil, soybean oil, crude palm oil or CPO and palmolein and cottonseed oil) fell on Wednesday in the country’s oil-oilseeds market and closed showing losses. . Whereas amid improvement in the prices of oilseeds, the prices of groundnut oilseeds and soybean oilseeds remained at the previous level. There was a decline in the Malaysia Exchange, while there was an improvement in the Chicago Exchange. Market sources said that in view of the possibility of new mustard crop arriving in the markets next month, there has been a decline in the prices of mustard oil and oilseeds. Mustard did not face any adverse situation this time, because cooperative institutions like HAFED and NAFED released the mustard stock in the market in a very controlled manner.

Increase in the prices of groundnut and cottonseed meal

Sources said that there has been an improvement in the prices of groundnut and cottonseed meal in recent times. There has been an improvement of Rs 15-20 per quintal in the prices of these oilseeds in all the states, due to which the prices of edible oils of these oilseeds have fallen, which is the main reason for the decline in groundnut oil and cottonseed oil. He said that the cost of import of soybean degum oil comes to Rs 102 per kg. But due to money problem, importers are selling this oil at the ports at the price of around Rs 97 per kg. There is a fall in soybean oil prices due to selling at this low price. He said that apart from the fall in Malaysia Exchange, the prices of CPO and palmolein oil were also seen falling due to lack of buying at higher prices. Only the prices of these oils are being said to be high, in reality there is a sufficient shortage of buyers.

cotton production decreased

Sources said that in the year 2017-18, cotton production was about 370 lakh bales, which has come down to about 295 lakh bales this year (2024-25). The demand for cotton is increasing every year, so how is this shortage being met? For the last several years, it has been seen that at the time of cotton harvest, the prices of cottonseed cake obtained from cotton are distorted in the futures trade and farmers have to sell cotton at a price lower than the Minimum Support Price (MSP). Unless farmers get remunerative prices for their produce, cotton production may continue to decline. The government should make special efforts to ban the trade of fake cottonseed.

As soon as the price of flour increases, the price of milk increases

Sources said that it may be right for our oil experts and critics to express concern about the fluctuations in the price of palm, palmolein oil and import duty in Malaysia, but they should also consider that their concern is only about Why is it only about the inflation of edible oils? Shouldn’t they be worried that as soon as the price of cottonseed cake increases, the prices of milk are increased and why were the prices of milk increasing some time ago even when the prices of cottonseed cake were falling? Without paying attention to these discrepancies, it is impossible to increase oil-oilseed production. He said that a misconception has been created that a slight increase in the price of edible oil spoils the budget because the per capita consumption of edible oil is very low. On the contrary, the initiative to increase the prices of edible oil, which has been facing stagnant prices for years, will motivate farmers to increase oilseed production and will reduce the country’s precious foreign exchange expenditure.

The prices of oil and oilseeds were as follows:

  • Mustard oilseeds – Rs 6,550-6,600 per quintal.
  • Groundnut – Rs 5,850-6,175 per quintal.
  • Groundnut Oil Mill Delivery (Gujarat) – Rs 13,850 per quintal.
  • Groundnut refined oil – Rs 2,105-2,405 per tin.
  • Mustard oil Dadri – Rs 13,550 per quintal.
  • Mustard Pakki Ghani – Rs 2,300-2,400 per tin.
  • Mustard Kachchi Ghani – Rs 2,300-2,425 per tin.
  • Sesame Oil Mill Delivery – Rs 18,900-21,000 per quintal.
  • Soybean oil mill delivery Delhi – Rs 13,500 per quintal.
  • Soybean Mill Delivery Indore – Rs 13,300 per quintal.
  • Soybean oil Degum, Kandla – Rs 9,650 per quintal.
  • CPO ex-Kandla – Rs 12,950 per quintal.
  • Cottonseed Mill Delivery (Haryana) – Rs 12,100 per quintal.
  • Palmolein RBD, Delhi – Rs 14,200 per quintal.
  • Palmolein ex- Kandla – Rs 13,300 (without GST) per quintal.
  • Soybean grain – Rs 4,400-4,450 per quintal.
  • Soybean loose – Rs 4,100-4,200 per quintal.

(With inputs from Bhasha/PTI)

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Brijesh Kumar
Brijesh Kumarhttp://Newstiger.in
Brijesh is dedicated to providing timely and trustworthy news, covering everything from politics to pop culture. Offering readers a thoughtful approach to the world around us, Brijesh ensures you never miss a crucial update

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