The rainy season has brought problems for the agriculture sector in the country. At the same time, the goods are not reaching the markets on time. So will edible oil become costlier in the coming days? Know from the experts of the market…
Image Credit source: Representative Photo
India often has to meet its requirement for edible oil through imports. One reason for this is that the yield is low at times, and the other is due to the weather every now and then. Recently, in the areas of North India, the rain has wreaked havoc on the farmers. Due to this, the arrival of oilseeds in the mandis is decreasing. So, will edible oil set fire to the pan in the days to come? Let’s know the condition of the market
According to the news of PTI, the sale of produce like mustard and soybean is being reduced by the farmers, which means that the arrival of goods in the mandis is less. The main reason for this is the effect of rain on the standing crop.
latest news of delhi market
In Delhi’s oil-oilseed market, there was an improvement in the prices of imported crude palm oil (CPO) and palmolein, apart from indigenous oilseeds like mustard and soybean oilseeds and cottonseed oil. While the prices of desi groundnut oil, oilseeds and soybean oils closed at the same level as before.
According to market sources, there is news of damage to mustard crop due to rain. This loss can be 10-12 percent. This usually happens every year. In the meanwhile, even if Nafed buys 10-15 or 20 lakh tonnes of mustard despite the mustard production being more affected, then how will the rest of the produce be consumed in the market, because the import of cheap oil continues. In such a situation, there is no possibility of increasing the price of oil.
Here is the price of oil and oilseeds in the market
The prices of major commodities remained as follows in Delhi’s oil-oilseed market on Saturday.
Mustard oilseeds – Rs.5,460-5,535 (42 percent condition rate) per quintal. Groundnut – Rs 6,815-6,875 per quintal. Groundnut oil mill delivery (Gujarat) – Rs 16,700 per quintal. Groundnut refined oil Rs 2,545-2,810 per tin. Mustard oil Dadri – Rs 10,950 per quintal. Mustard Pakki Ghani – Rs 1,715-1,785 per tin. Mustard raw Ghani – Rs 1,715-1,835 per tin. Sesame oil mill delivery – Rs 18,900-21,000 per quintal. Soybean oil mill delivery Delhi – Rs 11,250 per quintal. Soybean Mill Delivery Indore – Rs 11,100 per quintal. Soybean oil Degum, Kandla – Rs 9,600 per quintal. CPO X-Kandla – Rs 8,950 per quintal. Cottonseed Mill Delivery (Haryana) – Rs 9,850 per quintal. Palmolin RBD, Delhi – Rs 10,400 per quintal. Palmolin X- Kandla – Rs 9,550 (without GST) per quintal. Soybean grain – Rs 5,360-5,535 per quintal. Soybean loose – Rs 5,120-5,160 per quintal. Maize Khal (Sariska) – Rs 4,010 per quintal.
(with language input)
Source: www.tv9hindi.com
: Language Inputs