Edible oil rates: Good news! Prices of edible oil, mustard and groundnut oil became cheaper

Edible Oil Prices: Due to the rise in foreign markets, the prices of groundnut and soybean oil, cottonseed, CPO, palmolein oil have seen improvement in the Delhi oil-oilseeds market on Saturday. At the same time, due to increase in arrivals in the mandis of new mustard crop, the price of mustard oil oilseeds has also seen a decline.

Mustard oil prices soften
Traders said that the Chicago Exchange had closed one percent strong last night, while it was up 0.1 percent at the time of writing the news. Sources said that despite the rise in foreign markets, the arrival of new mustard crop in the mandis led to softening in the prices of mustard oil oilseeds.

Soybean and cottonseed oil will be cheaper in 15-20 days
In light oils, the price of mustard oil used to be 25-30 rupees more than soybean and cottonseed oil. After increasing arrival of the new crop, it is estimated to become cheaper by Rs 5-7 a kg in 15-20 days as compared to these light oils.

Groundnut oil also became cheaper
Let us tell you that along with reducing the import of edible oils, the government should emphasize on increasing oilseeds production to achieve self-reliance in the field of oilseeds as well. Apart from this, groundnut oil, the king of oils, has become cheaper than soybean and cottonseed oil in light oils.

Let’s check the wholesale price of all the oils in the market-

Mustard oilseeds – 8275-8300 (42 percent condition price) per quintal

Groundnut – Rs 6,125 – Rs 6,220 per quintal

Groundnut Oil Mill Delivery (Gujarat) – Rs 13,550 per quintal

Groundnut Solvent Refined Oil – 2185 – Rs 2,370 per tin

mustard oil dadri Rs 16,580 per quintal

Mustard Pakki Ghani- Rs 2445-2490 per tin

Mustard Raw Ghani- Rs 2645-2740 per tin

Sesame Oil Mill Delivery – Rs 16,700-18,200 per quintal

Soyabean Oil Mill Delivery Delhi- Rs 14,550 per quintal

Soybean Mill Delivery Indore- Rs 14,300 per quintal

Soyabean Oil Degum, Kandla- Rs 13,180 per quintal

CPO Ex-Kandla- Rs 12,600 per quintal

Cottonseed Mill Delivery (Haryana)- Rs 13,400 per quintal

Palmolein RBD, Delhi- Rs 14,000 per quintal

Palmolein X- Kandla- 12,800 (without GST)

soybean grain – Rs 7050-7100 per quintal

Soyabean Loose – Rs 6800-6965 per quintal

Makkah Khal (Sariska) – Rs 4,000 per quintal

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