Good news for India’s common people. Now the price of mustard oil has finally decreased. The decline in edible oil prices can be attributed to reduced demand in both local and international markets, coupled with enhanced production levels. Additionally, fluctuations have been observed in the prices of soybean and sesame oil.
Mustard oil experiences a price drop
Currently, the oil and oilseed market is facing a downturn, particularly with a significant decrease in mustard oil prices. Mustard oil is a staple in many households, while soybean and sesame oil prices are also experiencing fluctuations. The drop in mustard oil prices is primarily due to weak local demand and a stable international market. Furthermore, the volatility in soybean and sesame oil prices is providing some relief to consumers.
Factors contributing to the decline in oil and oilseed prices
Several factors have contributed to the slowdown in the oil and oilseed market. Previously, there was an increase in prices in international markets; however, domestic prices for oil and oilseeds are now on the decline. The reduction in demand for oil within the domestic market has led to lower prices for mustard and other oils. Despite favorable conditions in the international market, improved production levels in India have resulted in falling prices. The rise in oil production is a significant factor behind this price decrease.
Mustard oil, soybean and sesame oil
Mustard oilseeds: Rs 6,550 to Rs 6,610 per quintal.
Groundnut oilseeds: Rs 6,260 to Rs 6,635 per quintal.
Groundnut oil (delivery): Rs 14,501 per quintal (Gujarat)
Groundnut Refined Oil: Rs 2,195 to Rs 2,495 per tin.
Mustard oil Dadri: Rs 13,660 per quintal.
Mustard Pakki Ghani Oil: Rs 2,275 to Rs 2,375 per tin.
Mustard Raw Ghani Oil: Rs 2,275 to Rs 2,395 per tin.
Sesame Oil (Delivery): Rs 18,920 to Rs 21,000 per quintal.
Soyabean Oil (Degum): Rs 9,835 per quintal.
Soyabean Oil (Delivery): Rs 13,750 per quintal (Indore).
CPO: Rs 13,320 per quintal.
Cottonseed Oil (Delivery): Rs 12,755 per quintal.
Palmolein RBD (Delhi): Rs 14,715 per quintal.
Soybean donation: Rs 4,335 to Rs 4,350 per quintal.
Soybean Loose: Rs 4,035 to Rs 4,075 per quintal.
Maize mine: Rs 4,115 per quintal.
