Good News! These edible oils including mustard-soybean have become cheap, know the latest market price

Symbolic photo.

Due to glut in the country due to heavy import of soft oils including sunflower and soybean Delhi Oil-Oilseeds Almost all oil-oilseed prices fell in the market on Monday. imported oils In view of the glut of mustard, a challenge has arisen to consume the upcoming bumper crop of mustard in the country. Knowledgeable sources of the market said that due to the abundance of cheap imported oils, earlier soyabean is not being consumed and now a bumper crop of mustard is also ready to come. If the market is flooded with cheap imported oils, then who will buy high cost soyabean and mustard.

Sources said that the government will have to immediately impose import duty on soft edible oils like soybean and sunflower to the maximum extent, stopping the system of duty-free import system and delaying it may prove to be harmful for the farmers producing mustard or oilseeds. By delaying this, the situation will go out of hand and once the farmers are harmed, they may withdraw from oilseed cultivation, which may go against the efforts of self-sufficiency in oil-oilseeds.

Oils like sunflower and soybean are consumed in the higher income group

Sources said that oils like sunflower and soybean are consumed in the higher income group. That’s why there will not be any special difference on them, while the low income group will continue to get palmolein cheaper. Sources said that while deciding to increase the availability of edible oils further, instead of reducing or abolishing the import duty, such edible oils should be distributed from ration shops by giving subsidy so that the consumers can get the direct benefit of the relief as 80 Used to be in the decade of.

Instead of low price, edible oil has to be bought at an expensive price.

Right now there is a fall in the global prices, the government has also given exemption for duty free import, but instead of low price, consumers have to buy edible oil at an expensive price. The biggest hurdle in this is the printing of maximum retail price (MRP) by about Rs 30-70 more by the companies doing retail business. Under this guise, the consumers are not getting the benefit of the fall in global prices. This needs to be controlled and for this the government should instruct all the companies to announce their MRP regularly on the government website so that everyone can know the real price of oil.

have to create the right environment

Sources said that the Malaysia Exchange is closed for two days due to holidays in China. At the same time, the Chicago Exchange is currently half a percent weak. Sources said that edible oils are cheap, while oilseeds are expensive, which affects the prices of animal feed and milk and milk products. It is important for proper realization of khal that indigenous oil should be consumed in the market and suitable environment has to be created for it.

The prices of oil and oilseeds remained as follows on Monday

• Mustard oilseeds Rs.6,480-6,490 (42 percent condition rate) per quintal.
• Groundnut Rs 6,505-6,565 per quintal.
• Groundnut oil mill delivery (Gujarat) at Rs 15,480 per quintal.
• Groundnut refined oil Rs 2,440-2,705 per tin.
• Mustard oil Dadri – Rs 12,850 per quintal.
• Mustard Pakki Ghani – Rs 2,055-2,085 per tin.
• Mustard raw Ghani – Rs 2,015-2,140 per tin.
• Sesame oil mill delivery Rs 18,900-21,000 per quintal.
• Soybean oil mill delivery Delhi – Rs 12,800 per quintal.
• Soybean Mill Delivery Indore – Rs 12,600 per quintal.
• Soybean oil Degem, Kandla – Rs 10,800 per quintal.
• CPO X-Kandla – Rs 8,300 per quintal.
• Cottonseed Mill Delivery (Haryana) – Rs 11,100 per quintal.
• Palmolin RBD, Delhi – Rs 9,850 per quintal.
• Palmolin X- Kandla – Rs 8,900 (without GST) per quintal.
• Soybean grain Rs 5,480-5,560 per quintal.
• Soybean loose – Rs 5,220-5,240 per quintal.
• Maize Khal (Sariska) – Rs 4,010 per quintal.

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