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Farmers are selling mustard at a price of Rs 3800 more than MSP, but lack of stock increased tension

Instead of increasing the import duty of oilseeds, the government will have to focus on increasing oilseeds production. From that, the country will decide the path of self-reliance in the true sense.

Farmers who hold mustard are getting benefited.

In order to control the prices of edible oils in the country, the government has reduced the import duty of soya oil and sunflower oil. Soyabean and cottonseed oil prices fell on Friday in the Delhi oil-oilseed market due to the government’s move to reduce their import duty to increase the availability of edible oils. However, soybean oilseeds as well as mustard oilseeds registered an improvement due to increase in demand for non-oil oilseeds (DOC).

The government has reduced the import duty of soybean degum and sunflower oil (including 10 percent cess) by about 8.25 percent. Import duty including surcharge has been reduced from 38.5 percent to 30.25 percent. Due to this there was a fall in soybean oil prices. Sources said that instead of increasing the import duty of oilseeds, the government will have to focus on increasing oilseeds production. From that, the country will decide the path of self-reliance in the true sense.

Experts say that neither the consumers nor the farmers will get the benefit of the reduction in import duty here. Sources said that the basic import duty has been cut by about 7.5 percent while the oil price in the market has come down by as much as Re 1 per kg. They believe that this move will result in a loss of revenue for the government, as the prices of oil abroad will be made more expensive.

Mustard being sold at record price

On Thursday, the price of mustard was increased from Rs 8,450 to Rs 8,500 per quintal in Saloni, Agra and Kota. Mustard stock remains tight. Mustard stock is left with only a few small and big farmers. Sources said that for small farmers, cooperatives Hafed and Nafed should procure mustard seeds from now. The government has fixed the MSP rate of mustard at Rs 4650 per quintal. But this time farmers are selling their produce at a higher price. But the arrival of mustard has reduced in various mandis of the country.

mustard seed price increased

There was no change in the price of mustard oil on Friday. However, the prices of mustard seeds have increased in the Delhi market. On Thursday, mustard seeds were being sold here at the rate of Rs 7,975 – 8,050 per quintal. But next its price increased by Rs 25 and its rate became Rs 8,000 – 8,075 per quint. Sarson Pakki Ghani is selling at Rs 2,555 -2,605 per tin and Sarson Kachchi Ghani – Rs 2,640 – 2,750 per tin.

The wholesale price in the market remained as follows- (Rs. per quintal)

Mustard oilseeds – Rs 8,000 – 8,075 (42 per cent condition rate)

Mustard oil Dadri – Rs 16,570 per quintal.

Sarson Pakki Ghani – Rs 2,555 -2,605 per tin.

Mustard Kachchi Ghani – Rs 2,640 – Rs 2,750 per tin.

Also read: When will farmers be free from the merger of debt and they will get fair price for their crops?

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