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. Prices have been increasing continuously since last one month. The price of castor oil has increased by a total of Rs 210 per can in 30 days. A barrel of coconut oil has touched the level of 3,100 to 3,000. So cotton oil has increased by 90 rupees in a month. So the cotton oil barrel has reached the level of 1700. Not only this, the price of each oil has increased from Rs 5 to Rs 210 per can in the last one month. Prices have risen on lower groundnut yields and increased demand for oils including singapore oil. The price of groundnuts not yet released for sale by Nafed is also seeing a steady increase. The middle class families are worried about the increase in the prices of oil, including Singoil, on the eve of the Satam Aatham festival.
Delhi oil and oilseeds prices fell on Thursday amid extremely cheap oil imports.
p>Malaysia exchange is down about 1.5 percent while Chicago exchange is showing improvement.
Sources said that there was no focus on creating a market for domestic oil and oilseeds and only created the myth. It was said that the increase in the price of edible oils increases inflation. While everyone knows that the per capita consumption of edible oil is very low. While the textile industry and the milk industry are closely related to the oilseed business. Decline in oilseed yield makes oilseeds more expensive and consequently increases milk prices. If there was a slight increase in the price of oilseeds, farmers would have increased production and saved a lot of foreign exchange on imports and contained the price of milk. The money going to the oilseed farmers will increase their purchasing power and this money will again be used in the country’s economy.
Sources said that around 2006-07 the import of edible oil in the country cost around Rs. 20,000 crore, which has now increased to Rs. 1,57,000 crores has been reached.
He said that if this situation continues for the next 4-5 years, the condition of the country’s oil-oilseed industry may become very bad and farmers may avoid sowing oilseeds. is As of July 12, at the time of this kharif sowing, cotton cultivation in Andhra Pradesh has come down to just 98,000 hectares from last year’s 2.4 lakh hectares.
It is significant that animal feed cake is mostly obtained from cotton seeds.
Oil and oilseeds prices were as follows on Thursday.
Mustard oilseeds – Rs. 5,375-5,425 (42 percent status rate) per quintal.
Groundnut – Rs 6,975-7,025 per quintal.
Groundnut oil mill delivery (Gujarat) – Rs. 17,150 per quintal.
Groundnut refined oil Rs. 2,480-2,755 per tin.
Mustard oil Dadri – Rs. 10,400 per quintal.
Mustard ripe ghani – Rs 1,735 – 1,815 per tin.
Mustard raw ghani – Rs 1,735 – 1,845 per tin.
Sesame oil mills Delivery – Rs. 18,900-21,000 per quintal.
Soybean oil mill delivery Delhi – Rs 10,150 per quintal.
Soybean mill delivery Indore – 10,000 per quintal.
Soybean oil Dejem, Kandla – Rs. 8,350 per quintal.
CPO Ex-Kandla – Rs 8,100 per quintal.
Cotton Mill Delivery (Haryana) – Rs. 9,100 per quintal.
Pamoline RBD, Delhi – Rs. 9,500 per quintal.
Pamolin x- Kandla – Rs 8,500 (without GST) per quintal.
Soybean seed – Rs 5,020-5,115 per quintal.
Soybean Loose – Rs 4,785-4,880 per quintal.
Makai Khal (Sariska) – 4,015 per quintal.
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