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Edible oil prices rise amid strength in overseas markets

New Delhi, Oct 14 (PTI) Amid a firm trend in the overseas markets, the prices of most of the edible oils kept rising in the local market on Friday.

Sources associated with the market said that the prices of soybean grains closed with improvement due to non-selling by the farmers at low prices. Farmers are getting half the price of soybean grain as compared to August last year.

He said that the Malaysia Exchange registered a gain of 4.6 percent while the Chicago Exchange was trading with slight fluctuations.

Sources said that till the government does not remove the limited quota on import of sunflower oil, the supply of this oil will remain low.

According to sources, the government is losing revenue due to this decision. Also, consumers have to pay around Rs 25 per liter more for sunflower oil, whereas the government had taken the decision thinking that it would save the consumers Rs 5 to 6 per litre.

He said that farmers are getting lower prices of mustard as compared to last year, hence selling is less, due to which its prices have increased.

The prices of oil and oilseeds remained as follows on Friday:

Mustard oilseeds -6,875-6,900 (42 percent condition price) per quintal of Rs.

Groundnut – Rs 7,095-7,160 per quintal.

Groundnut Oil Mill Delivery (Gujarat) – Rs 16,650 per quintal.

Groundnut refined oil Rs 2,700-2,960 per tin.

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Mustard oil Dadri – Rs 14,300 per quintal.

Sarson Pakki Ghani – Rs 2,200-2,330 per tin.

Sarson Kachchi Ghani – Rs 2,270-2,385 per tin.

Sesame Oil Mill Delivery – Rs 18,500-20,000 per quintal.

Soyabean Oil Mill Delivery Delhi- Rs 13,600 per quintal.

Soybean Mill Delivery Indore – Rs 13,250 per quintal.

Soyabean Oil Degum, Kandla – Rs 12,000 per quintal.

CPO Ex-Kandla – Rs 8,500 per quintal.

Cottonseed Mill Delivery (Haryana) – Rs 12,750 per quintal.

Palmolein RBD, Delhi – Rs 10,200 per quintal.

Palmolein ex-Kandla- Rs 9,200 (without GST) per quintal.

Soyabean grain – Rs 5,175-5,225 per quintal.

Soyabean loose Rs 4,925-4,975 per quintal.

Maize Khal (Sariska) Rs 4,010 per quintal.

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