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The price of edible oil is touching the sky. Meanwhile, due to the fall in the international market, there was a fall in the price of oil and oilseeds in the domestic market. Mustard, soybean, palmolein oil declined.
Mustard (mustard) on Monday in Delhi oil-oilseeds market amid declining trend in foreign markets.Mustard Oil Price), soybean oil – oilseeds, CPO, palmolein and cottonseed oil prices ,Edible Oil Price) declined while the prices of rest of the oilseeds remained unchanged. Informed sources said that the Malaysia Exchange is closed till May 4 and will open for trading on May 5, while the Chicago Exchange saw a fall of 3.5 per cent. Sources said that the demand for edible oils in the market is weak, due to which there was a slowdown in the business. The arrival of mustard has come down from about 7 lakh bags last week to 5.5 lakh bags on Monday. But due to weak demand, there was a fall in mustard oil and oilseeds prices. Due to being cheaper than palmolein and soybean, refined mustard oil is being made in abundance to meet its shortage.
He said that co-operative society Hafed should make immediate purchase of mustard in the market and make stock of it, which will be useful for the country during the intervening time. By doing this, the government can also try the option of helping the poor in times of need and making mustard oil available to them cheaply through the Public Distribution System (PDS).
Warning about making fake cake
On the other hand, Kaithal Mills Association has issued a warning to the oil mills, traders regarding making and selling fake cottonseed cakes and said that strict action will be taken on receipt of such information. Groundnut oil and oilseeds prices remained unchanged.
The prices of oil and oilseeds remained as follows on Monday
Mustard oilseeds – Rs 7,790-7,840 (42 per cent condition price) per quintal. Groundnut – Rs 7,160 – 7,295 per quintal. Groundnut Oil Mill Delivery (Gujarat) – Rs 16,550 per quintal. Groundnut Solvent Refined Oil 2,735 – Rs 2,925 per tin. Mustard oil Dadri – Rs 15,700 per quintal. Sarson Pakki Ghani – Rs 2,465-2,545 per tin. Mustard Kachhi Ghani – Rs 2,505-2,615 per tin. Sesame Oil Mill Delivery – Rs 17,000-18,500 per quintal. Soyabean Oil Mill Delivery Delhi – Rs 17,550 per quintal. Soybean Mill Delivery Indore – Rs 17,050 per quintal. Soyabean oil Degum, Kandla – Rs 15,900 per quintal. CPO Ex-Kandla – Rs 15,600 per quintal. Cottonseed Mill Delivery (Haryana) – Rs 16,300 per quintal. Palmolein RBD, Delhi – Rs 17,200 per quintal. Palmolein X-Kandla – Rs 15,900 (without GST) per quintal. Soyabean grain – Rs 7,100-7,200 per quintal. Soyabean loose Rs.6,800-6,900 per quintal. Maize Khal (Sariska) Rs.4,000 per quintal.