Edible oil: A huge drop in the prices of all edible oil including mustard, know how much the rate has come down

Symbolic photo.

cheap like sunflower and soybean imported oils Amid rising imports of Delhi oil-oilseed market On Wednesday, the prices of all indigenous oil and oilseeds fell, but consumers are not getting the proper benefit of this fall in the retail market. In addition to indigenous oil-oilseeds like mustard, soybean, groundnut, cottonseed, crude palm oil (CPO) and imported oil like palmolein have declined substantially. At the same time, there is a holiday in the Malaysia Exchange, while there is a slight decline in the Chicago Exchange.

Market sources said that sunflower and soybean oil are being imported in large quantities in the country. With the opening of the season, the arrival of mustard will increase and the oil industry is worried due to the possibility of its consumption. Last year, despite the cost of imported oil being expensive, mustard was not fully consumed, so this time the price of imported oil is very low. In such a situation, apart from mustard, consumption of indigenous oil-oilseeds like soyabean, groundnut, cottonseed is looking extremely difficult. The condition is that the price of sunflower seeds of the country is already running less than the minimum support price (MSP) and now there is a possibility that the price of mustard may also be less than the MSP.

Diled cake crisis looms large

Sources said that the interesting thing is that despite the fall in oil prices, the customers are not getting the benefit of this fall. Due to keeping the maximum retail price (MRP) high by the retail oil companies, the customers are not getting its benefit. In the interest of domestic oil-oilseeds industry, farmers and consumers, the way out of the present awkward situation is to impose import duty on sunflower and soybean oils and oil producing companies should regularly update on the government portal about the maximum retail price (MRP). Instructions should be given to provide information on Aadhaar. Due to the non-operation of indigenous oil mills, there is a danger of increasing the crisis of khal and deiled cake.

The prices of oil and oilseeds remained as follows on Wednesday

• Mustard oilseeds – Rs.6,140-6,190 (42 percent condition rate) per quintal.
• Groundnut – Rs 6,460-6,520 per quintal.
• Groundnut oil mill delivery (Gujarat) – Rs 15,440 per quintal.
• Groundnut refined oil Rs 2,425-2,690 per tin.
• Mustard oil Dadri – Rs 12,700 per quintal.
• Mustard Pakki Ghani – Rs 2,030-2,060 per tin.
• Mustard Kachi Ghani – Rs 1,990-2,115 per tin.
• Sesame oil mill delivery – Rs 18,900-21,000 per quintal.
• Soybean oil mill delivery Delhi – Rs 12,500 per quintal.
• Soybean Mill Delivery Indore – Rs 12,300 per quintal.
• Soybean oil Degem, Kandla – Rs 10,700 per quintal.
• CPO X-Kandla – Rs 8,300 per quintal.
• Cottonseed Mill Delivery (Haryana) – Rs 10,950 per quintal.
• Palmolin RBD, Delhi – Rs 9,950 per quintal.
• Palmolin X- Kandla – Rs 9,050 (without GST) per quintal.
• Soybean seed – Rs 5,470-5,550 per quintal.
• Soybean loose – Rs 5,210-5,230 per quintal.
• Maize Khal (Sariska) – Rs 4,010 per quintal.