Big relief to the people, prices of mustard, soybean and groundnut oil have skyrocketed, know the latest rates
New Delhi: Sir, it is a time of inflation, in which the wheel of everyone’s budget is seen to be wobbly. If you are also troubled by the rising inflation, then it is not surprising, because the rising rates of things are taking away the power from the common people to the businessmen. The problem of inflation is not limited only to petrol-diesel and LPG cylinders, now the situation is such that even the eatables are killing the people.
Pulses, vegetables, and edible oil are also sky-high. Now there is a slight drop in the price of some edible oils, due to which a lot of happiness is being seen on the faces of the customers. If you are thinking of buying Mustard, Groundnut, Sunflower and Soybean oil, then this news is going to prove to be very valuable, which can fulfill your dream of purchasing cheaply.
According to the information received from the sources, orders have been placed for duty-free imports in the past days as per the quota provision. Now talking about the rates, the prices of sunflower and soybean oil have come down to around Rs 100 per liter (wholesale price after processing).
At the same time, there is a slight difference in the price of sunflower and soybean oil. Last 6 months ago the price of sunflower oil was around Rs 200 per litre. In the past days, the price has come down to around Rs 100 per litre.
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- Know the potential for consumption
According to government sources, about 40-42 percent oil is produced in mustard and if the market is saturated with cheap imported oils, then this time it is considered possible to consume only about 125 lakh tonnes of its potential yield.
Not only this, it is an irony that a country which depends on imports for 60 per cent of its requirement of edible oils. Apart from this, the stocks of indigenous oil and oilseeds are not visible in the market. On the other hand, an increase in the prices can be recorded if the price of oil is low. Animal feed is expected to become costlier due to costlier Khal, Deoiled Cake (DOC). Along with this, the prices of milk and milk products are also expected to increase.
At the same time, a decrease has been registered in the price of groundnut oil and oilseeds. The rate of groundnut oilseed declined by Rs 145 to Rs 6,530-6,590 per quintal. Groundnut oil Gujarat declined by Rs 280 to Rs 15,500 per quintal in the week under review from the previous weekend’s closing price.
Refined prices declined by Rs 45 to Rs 2,445-2,710 per tin. Crude palm oil also declined, falling by Rs 20 to close at Rs 8,330 per quintal. Apart from this, the prices of Palmolein Delhi and Palmolein Kandla were seen trending down by Rs 100 and Rs 60 respectively at Rs 9,900 and Rs 8,940 per quintal respectively. The price of cottonseed oil also saw a reduction of Rs.350.
- Know here the latest rate of mustard oil
These days the rate of mustard oil is being recorded very low in Hathras district of UP. Here mustard oil is being sold cheaply at around Rs 75 per liter from its high level rate, which you can take advantage of. You can easily fulfill your dream of buying mustard oil at Rs 144 per litre. On the other hand, on January 19, the rate of mustard oil was seen at Rs 143 per liter in Bulandshahr.
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