As the festivals approach, the price of coconut oil rises, know how much the price of the can has increased

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Rajkot: As the festivals are approaching, after vegetables, the price of edible oil is also increasing. The canister price of coconut oil has increased again. A can of oil is only Rs 10 less to Rs 2900. The price of castor oil rose by Rs 20 in the bull market on Monday. After this increase, the price of a can of coconut oil has increased to 2890. While the price of a can of cottonseed oil is 1730. So the price of a can of Palmolein oil is 1465. Coconut oil prices have increased ahead of the start of the month of Adhikamas Shravan.

Due to improvement in the prices of edible oils in overseas markets, almost all edible oils and oilseeds, except groundnut oil-seed and crude palm oil (CPO), were on the rise at the Delhi oil-oilseed market on Monday. An improvement was seen.

Market sources said the Malaysia Exchange was up 4-4.5 percent while the Chicago Exchange was up 3-3.5 percent.

Sources said the mustard crop is in strong hands with farmers and They are bringing the crops to the mandis according to their consumption. But still, the price of mustard in the mandis is below the minimum support price (MSP) i.e. Rs. 5,000 – 5,150 is being reported below. Significantly, the MSP of mustard is Rs 5,450 per quintal.

Sources said that in view of the country’s increasing dependence on imports for edible oil, the government has also arranged for scrutinizing sunflower and other edible oils imported at the ports. should do Apart from this, the government should give an instruction on its part that if the refined edible oil supplied to the packers is sent in steel tanks, it would be possible to maintain the quality of the edible oil.

Sources said that dependence on imports cannot be justified anywhere and The only option to avoid this may be to increase the production of oil-oilseeds in the country and develop a domestic market for oil-oilseeds. Because now the prices are low, but if our dependence increases and foreign companies increase the prices, we will not have much option.

Sources said that along with the damage to the country’s oil industry due to cheap imported sunflower meal, mustard and sunflower small How will the farmers be compensated for the loss they have suffered by selling their crops at a lower price this time? The government has to consider these subtle concerns of the country’s oil-oilseed business.