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Good News! Edible oil became cheaper, the prices of all including soybean-peanut fell, check rates…


Edible oil Price Down: There has been relief in the prices of edible oil in the country. Due to the fall in the prices of cottonseed and groundnut on Saturday, oil prices have also seen a fall. Apart from this, many edible oils including soybean and palm oil have become cheaper. Apart from this, there has also been an improvement in the prices of soybean grain and loose.

soybean oil cheaper
Market sources said that soyabean farmers are refraining from selling their crop at a lower price, due to which the price of soybean grain and loose has come down. At the same time, there has been an improvement in soybean oilseeds due to the local demand of DOC. He said that the demand for palmolein has been affected due to the cheapness of lighter oils like soybean and cottonseed in comparison to palmolein. Due to this, CPO and Palmolein oil prices closed softly. He said that importing CPO and Palmolein is a costly deal as compared to lighter oils.

Groundnut oil became cheaper by Rs 35 per kg
Let us tell you that in the midst of normal business, the prices of mustard and groundnut oil – oilseeds, soybean oil and many other oils – oilseeds remain at the previous level. Sources said that in the last about two and a half months, groundnut oil has fallen by about Rs 35 per kg, cottonseed by about Rs 23 per kg, but the government has constituted a committee to ensure the benefit of the fall in oil-oilseeds prices to the common consumers. Which should continuously keep an eye on oil-oilseeds prices.

The wholesale price in the market was as follows- (Rs. per quintal)

  • Mustard oilseeds – Rs.8,800 – Rs.8,825
  • Groundnut – Rs 5,700 – 5,785
  • Groundnut Oil Mill Delivery (Gujarat) – Rs 12,500
  • Groundnut Solvent Refined Oil Rs 1,840-1,965 per tin
  • Mustard oil Dadri – Rs 17,150 per quintal
  • Sarson Pakki Ghani – Rs 2,640 -2,665 per tin
  • Mustard Kachhi Ghani – Rs 2,720 – Rs 2,830 per tin
  • Sesame Oil Mill Delivery – Rs 16,700 – 18,200
  • Soyabean Oil Mill Delivery Delhi – Rs 12,950
  • Soybean Mill Delivery Indore – Rs 12,700
  • Soyabean Oil Degum, Kandla – 11,540
  • CPO Ex-Kandla – Rs 10,980
  • Cottonseed Mill Delivery (Haryana) – Rs 11,700
  • Palmolein RBD, Delhi – Rs 12,580
  • Palmolein Ex- Kandla – 11,450 (without GST)
  • Soyabean grain 6,550 – Rs 6,650
  • Soyabean loose Rs 6,400 – 6,450
  • Makkah Khal (Sariska) Rs 3,850

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