Saturday, May 28, 2022

Edible Oil Prices Today Mustard Oil Prices Today 14 May 2022 Central Government Oil Prices

Price of Edible Oil: There has been no significant change in the price of edible oil. Domestic crude oil prices have remained steady following the steady rise in global markets. The prices of all oils including mustard, groundnut and soybean did not fluctuate significantly. Apart from this, soybean Indore oil prices have also improved.

How was the business in Chicago Market?
The Chicago Exchange is up 1.5 percent and will see results early next week. In addition, CPO, soybean dagm and palmolin have no special business, which has affected imports as domestic oil has become cheaper than imported oil.

The increase in import duty has no effect
The decision to raise import duty on CPO, palm oil and soybean dagam late at night did not affect the business due to lack of demand despite strong foreign markets.

The problem with mustard may come later
On this occasion, the government should appeal to the state governments to procure mustard at market price and stockpile it in case of need and we will not have to turn to foreign markets. Indigenous oils such as mustard, peanuts, soybeans and cotton seeds are much cheaper than imported oils and the shortage of imported oils is being met by indigenous oils, but as mustard is being massively refined, the problem of mustard is likely to continue. .

Mustard oil is used in every home
We tell you, mustard oil is the cheapest of the edible oils at this time and the demand is also highest as mustard oil is used all over North India. Mustard oil is used daily in every home here and there is no substitute for it.

Let’s check the latest oil prices-

  • Mustard oilseeds – Rs 7,615-7,665 (42 per cent conditional rate) per quintal
  • Groundnut – Rs. 6,885 – Rs. 7,020 per quintal
  • Peanut Oil Mill Distribution (Gujarat) – Rs. 15,850 per quintal
  • Peanut Solvent Refined Oil Rs. 2,650 – Rs. 2,840 per tin
  • Mustard oil – Rs. 15,300 per quintal
  • Mustard pucca ghani – Rs 2,405-2,485 per tin
  • Mustard raw ghani – Rs 2,445-2,555 per tin
  • Sesame Oil Mill Delivery – Rs.17,000-18,500 per quintal
  • Soybean Oil Mill Delivery Delhi – Rs 17,050 per quintal
  • Soybean Mill Delivery Indore – Rs 16,500 per quintal
  • Soybean Oil Degam, Kandla – Rs. 15,550 per quintal
  • CPO X-Kandla – Rs.15,350 per quintal
  • Cotton Seed Mill Distribution (Haryana) – Rs.15,600 per quintal
  • Palmolin RBD, Delhi – Rs 16,950 per quintal
  • Palmolin X-Kandla – Rs 15,720 (excluding GST) per quintal
  • Soybean Grain – Rs. 7,000-7,100 per quintal
  • Soybean prices range from Rs 6,700 to Rs 6,800 per quintal
  • Maize Khal (Sariska) Rs. 4,000 per quintal

Also read:
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Wheat prices: Govt takes big step due to rising wheat prices, flour will soon be cheaper!


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