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Edible Oil Price: Fall in oil prices, check how much mustard oil prices fell

Edible Oil Price Update: Due to the fall in the oil prices in the global market, there has been a fall in the prices in the domestic market as well. In Delhi, almost all oilseeds closed with a fall on Friday. The prices of groundnut and cottonseed oil remained stable amid the demand for indigenous oils. At the same time, there has been a fall in the prices of mustard oil.

Malaysia Exchange slips 7 per cent
Traders said that the market is currently down 4.25 per cent on the Malaysia Exchange after losing seven per cent in morning trade, while the Chicago Exchange is currently down 1.5 per cent. Due to this decline in foreign markets, soybean degum, crude palm oil (CPO) and palmolein oil prices have declined. There was a slight decline in the prices of indigenous oilseeds compared to imported oils amid the breakdown of markets abroad.

Availability of mustard is getting less
Market sources said that the availability of mustard in the country is continuously decreasing and the demand for mustard during the coming festivals is likely to be around 4-4.25 lakh bags per day while the arrival of mustard has come down to 2.25 lakh bags. Going forward, the shortage of mustard will be felt and there is no substitute for this oil. Barring farmers, oil millers, traders and stockists have very little mustard stock due to stock limits.

importers are suffering heavy losses
Sources said that the prices of soybean oil oilseeds have broken due to the fall in foreign countries. The price at which the importers had purchased soybean and palmolein oil. After the market breaks, they have to sell their imported oil at a price below Rs 40-50 a kg as compared to the import price. On the other hand, these importers are having to pay more money against their debt amid a sharp depreciation of the rupee against the dollar. There is a huge loss to the importers.

Let’s check the latest rates of oil-

    • Mustard oilseeds – Rs 7,510-7,560 (42 percent condition rate) per quintal
    • Groundnut – Rs 6,765 – Rs 6,890 per quintal
    • Groundnut Oil Mill Delivery (Gujarat) – Rs 15,710 per quintal
    • Groundnut Solvent Refined Oil Rs 2,635 – Rs 2,825 per tin
    • Mustard oil Dadri – Rs 15,250 per quintal
    • Sarson Pakki Ghani – Rs 2,385-2,465 per tin
    • Mustard Kachhi Ghani – Rs 2,425-2,530 per tin
    • Sesame Oil Mill Delivery – Rs 17,000-18,500 per quintal
    • Soyabean Oil Mill Delivery Delhi – Rs 14,250 per quintal
    • Soybean Mill Delivery Indore – Rs 13,850 per quintal
    • Soyabean Oil Degum, Kandla – Rs 12,600 per quintal
    • CPO Ex-Kandla – Rs 11,350 per quintal
    • Cottonseed Mill Delivery (Haryana) – Rs 14,150 per quintal
    • Palmolein RBD, Delhi – Rs 13,250 per quintal
    • Palmolein X-Kandla – Rs 12,200 (without GST) per quintal
    • Soyabean grain – Rs 6,600-6,650 per quintal
    • Soyabean loose Rs 6,400- Rs 6,450 per quintal
    • Maize Khal (Sariska) Rs 4,010 per quintal

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