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Mustard oil: Amid the strong trend in foreign markets, the prices of almost all oilseeds closed higher in the country’s oil-oilseeds market on Friday. Malaysia Exchange closed with a gain of 2.32 percent in the afternoon. Apart from this, Chicago Exchange closed strong last night. Market sources said that the minimum support price (MSP) of mustard for the next session is likely to come on March 28. Farmers are bringing their crops to the market at a slow pace in anticipation of an increase in MSP. Festivals are also knocking ahead and due to demand, the prices of mustard oil-oilseeds closed strong. He said that the demand for mustard will increase further in the coming days because its wholesale price is cheaper than all oils in North India.
Mustard oil has become cheaper than palmolein
At this time mustard oil has become cheaper than palmolein. ( palmolein ) In North India, the price of mustard is Rs 131 per kg, while soybean is Rs 136 per kg and palmolein is Rs 143 per kg. Sources said that due to selling at 25-26 percent less price than MSP, the arrival of peanuts in the market is less, due to which its crushing mills are also running less. Due to this, there was an improvement in peanut oil-oilseeds. He said that due to the strong closing of Chicago Exchange last night and the increase in the price of soybean oil, the price of soybean oil-oilseeds also improved. Its arrival is also weak.
Who will make up for the shortage of palmolein?
Sources said that due to the strong closing of Malaysia Exchange 2.32 percent in the afternoon, the price of CPO and palmolein has also improved. Due to being expensive, its import is also decreasing. The question is that which oil will make up for this shortage of oil? Sunflower oil is expensive first and soybean also has its own limit. He said that due to decrease in arrival of cotton and increase in the price of cottonseed by 25-30 rupees, cottonseed oil prices also closed strong.
The prices of oilseeds were as follows:
Mustard oilseeds – Rs 6,050-6,150 per quintal. Peanuts – Rs 5,175-5,500 per quintal. Peanut oil mill delivery (Gujarat) – Rs 14,000 per quintal. Peanut refined oil – Rs 2,125-2,425 per tin. Mustard oil Dadri – Rs 13,100 per quintal. Mustard Pakki Ghani – Rs 2,250-2,350 per tin. Mustard Kachi Ghani – Rs 2,250-2,375 per tin. Sesame oil mill delivery – Rs 18,900-21,000 per quintal. Soybean oil mill delivery Delhi – Rs 13,650 per quintal. Soybean mill delivery Indore – Rs 13,350 per quintal. Soybean oil Degum, Kandla – Rs 9,550 per quintal. CPO ex-Kandla – Rs 12,750 per quintal. Cottonseed Mill Delivery (Haryana) – Rs 12,800 per quintal. Palmolein RBD, Delhi – Rs 14,300 per quintal. Palmolein ex-Kandla – Rs 13,300 (without GST) per quintal. Soybean grain – Rs 4,275-4,325 per quintal. Soybean loose – Rs 3,975-4,075 per quintal.
