Business News : espite the decrease in the arrival of mustard in the markets today, due to the lack of buying in front of the cheap wholesale price of imported oils, the prices of most oilseeds, including mustard, closed showing a decline in the country's edible oil-oilseeds market on Tuesday. Due to the high price, the prices of groundnut oil-oilseeds closed at the previous level amid weak business. There is a decline in Chicago and Malaysia Exchange. Expert sources in the market said that due to the cheapness of only the wholesale price of imported edible oils, the business sentiment of the market has deteriorated and the prices of all oilseeds are under pressure. Due to some festive demand, imported oils are also being consumed. But as the cost of indigenous oilseeds according to the Minimum Support Price (MSP) is much more expensive than these imported oils, the buyers of these indigenous oils are very low.

Strange problem facing farmers

The situation is such that today the arrival of mustard has decreased from the earlier 2.60 lakh bags to about two lakh bags, despite which a decline was registered due to less buying of mustard. He said that the financial condition of the traders has become so bad that they are not able to keep stock of any edible oil. Sources said that what is the benefit of increasing the production of such oilseeds, when the stock of mustard of last almost two years is still left. Due to high production and productivity in foreign countries, the production of de-oiled cake (DOC) is also good there.

Plant owners benefit from DOC sales

Plant owners benefit from DOC sales and they are interested in buying soybean from the farmers of the country. But in the current situation, it is difficult to consume even the indigenous DOC due to its high price. Sources said that traders were hoping that after the general elections, the government might take some measures like increasing the import duty to control cheap imported edible oils, but now they have lost hope. No one seems to be listening to the situation.

The prices of oilseeds were as follows:

• Mustard oilseeds - Rs 5,900-5,940 per quintal.
• Groundnut - Rs 6,425-6,700 per quintal.
• Groundnut Oil Mill Delivery (Gujarat) - Rs 15,350 per quintal.
• Groundnut refined oil Rs 2,290-2,590 per tin.
• Mustard oil Dadri – Rs 11,550 per quintal.
• Mustard Pakki Ghani - Rs 1,870-1,970 per tin.
• Mustard Crude Oil - Rs 1,870-1,995 per tin.
• Sesame Oil Mill Delivery - Rs 18,900-21,000 per quintal.
• Soybean oil mill delivery Delhi - Rs 10,100 per quintal.
• Soybean mill delivery Indore - Rs 9,800 per quintal.
• Soybean oil Degum, Kandla - Rs 8,400 per quintal.
• CPO ex-Kandla – Rs 8,740 per quintal.
• Cottonseed Mill Delivery (Haryana) - Rs 9,500 per quintal.
• Palmolein RBD, Delhi – Rs 9,900 per quintal.
• Palmolein ex-Kandla – Rs 8,980 (without GST) per quintal.
• Soybean grain - Rs 4,410-4,430 per quintal.
• Soybean loose - Rs 4,220-4,345 per quintal.
• Maize bran (Sariska) - Rs 4,125 per quintal.