Amid the boom in the global market, today there is a fall in the prices of oil and oilseeds in the domestic market. Today, the prices of many oils, including soybeans, have fallen. The drop in edible oil prices can make the general public feel much relieved. On the other hand, there has been no significant change in the prices of mustard oil and groundnut.
beneficial to farmers
According to the information received from market sources, due to less supply of sunflower and soybean gum oil, it is sold at a higher level of about 10 percent. This will benefit the farmers as they will get good prices for their oilseeds, the consumers will benefit from the increased supply and the oil mills will get relief from the broken market due to cheap imported oils and the government will also get revenue.
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To increase the production of oilseeds in the country
Trade sources said it is necessary to get out of the trap of increasing dependence on imports of edible oils and spending huge amounts of foreign currency for it. The only way to do this is to increase the oil seed production in the country by giving remunerative prices to the farmers.
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Know today’s new fresh oil prices
>> Mustard oilseeds – Rs 7,300-7,350 (42 per cent condition percentage) per quintal.
>> Groundnut – Rs 6,585-6,645 per quintal.
>> Supply Peanut Oil Mill (Gujarat) – Rs 15,100 per quintal.
>> Groundnut refined oil Rs 2,445-2,705 per can.
>> Mustard Oil Dadri – Rs 14,850 per quintal.
>> Mustard Pakki Ghani – Rs 2,250-2,380 per can.
>> Mustard Kachhi Ghani – Rs 2,310-2,435 per can.
>> Supply of sesame oil mill – Rs 18,900-21,000 per quintal.
>> Soybean Oil Mill Supply Delhi – Rs 14,200 per quintal.
>> Supply Soybean Mill Indore – Rs 13,800 per quintal.
>> Soybean Oil Degum, Kandla – Rs 12,750 per quintal.
>> CPO X-Kandla – Rs 8,550 per quintal.