By increasing oil-oilseeds production, the country will be self-reliant and foreign exchange will be saved, which will increase gross domestic product (GDP) and employment.
Soybean oil prices also declined in the week under review.
Mustard (mustard) in oil-oilseeds markets across the country last week amid declining trend in foreign markets.Mustard), Soybean (soybean), Groundnut (Groundnut), including the CPO, the prices of almost all oilseeds closed with a fall. Traders said that there was a slowdown in foreign trade last week and the prices of imported oils are touching the sky. Indigenous oils are cheaper than them. With soybean degum and CPO and palmolein being costlier, the buyers of these oils are less. After imported oil is expensive, consumers are consuming more mustard, groundnut, cottonseed instead of them. The arrival of new crops in the mandis has also increased. In view of these facts, the effect of the fall in foreign countries was also visible on the local oilseeds prices and in the weekend under review, the prices of oilseeds closed with a fall.
Sources said that probably due to Holi, the arrival of mustard in the mandis has come down to 6-6.5 lakh bags for the last two-three days, which was happening between about 15-16 lakh bags a few days ago. He said that the further trend will be known after the opening of the mandis on Monday.
Oilseeds production increased due to good price
Sources said that during the last two-three years, the production of oilseeds has increased due to the farmers getting good price for their oilseed crop and this time there is a good yield of mustard. Along with the increase in yield, the level of oil yield from mustard has also increased. Last year, the level of oil yield from mustard was 39-39.5 percent, which has increased to about 42-44 percent this time.
Sources said that if the government increases the income of the farmers and keeps giving incentives to the farmers, then they will automatically increase the yield. By increasing oil-oilseeds production, the country will be self-sufficient and foreign exchange will be saved, which will increase the gross domestic product (GDP) and employment.
Sources said that due to slowdown in overseas markets and increased local arrivals, the price of mustard seeds declined by Rs 200 to Rs 7,500-7,550 per quintal last week as compared to its previous weekend. Mustard Dadri oil declined by Rs 1,000 to Rs 15,300 per quintal. Mustard Pakki Ghani and Kachchi Ghani oil also closed with losses of Rs 100 and Rs 75 each at Rs 2,425-2,500 and Rs 2,475-2,575 per tin (15 kg), respectively.
Sources said that amid a slowdown in the overseas markets last week, the prices of soybean grains and soybean loose fell by Rs 350 each to Rs 7,425-7,475 and Rs 7,125-7,225 per quintal, respectively.
Soybean oil prices also declined in the week under review. Soyabean Delhi, Indore and Soyabean Degum prices fell by Rs.650, Rs.810 and Rs.720 respectively to close at Rs.16,500, Rs.16,000 and Rs.15,000 per quintal, respectively.
Groundnut grain prices declined by Rs 150 to Rs 6,700-6,795 per quintal in the week under review, while groundnut oil Gujarat and groundnut solvent prices declined by Rs 420 and Rs 65, respectively, to Rs 15,600 per quintal and Rs 2,580-2,770 per tin, respectively. But closed.
Crude palm oil (CPO) prices also declined by Rs 550 to Rs 14,600 per quintal during the weekend under review. The price of Palmolein Delhi also declined by Rs 850 to Rs 15,850 and Palmolein Kandla declined by Rs 900 to Rs 14,550 per quintal. Cottonseed oil prices also fell by Rs 350 to close at Rs 15,000 per quintal in the week under review.
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