Due to rising prices abroad and increased winter demand, oilseed prices saw improvements across major markets on Saturday. Mustard, groundnut, soybean oilseeds, crude palm oil (CPO), palm olein oil, and cottonseed oil all recorded gains. However, spot prices of groundnut, soybean, and sunflower remain below the minimum support price (MSP) in several markets. Despite cotton prices being higher than the MSP in Haryana and Punjab, farmers are selling less cotton, resulting in reduced market arrivals. Additionally, mustard arrivals have decreased to 1.5 lakh sacks.
Mustard Oil Becomes Expensive Due to Low Arrivals
Mustard oil prices have risen because of lower market arrivals. The government plans to sell mustard from Hafed and Nafed only to oil millers to boost market availability and prevent stockpiling. Farmers are holding back peanuts due to low prices, despite increased winter demand. However, groundnut prices are still below MSP.
Soybean Oil Prices Strengthen
According to some news sources, soybean oil-oilseeds prices also remained firm amid the government’s assurances of soybean purchase at MSP. On the other hand, the demand for de-oiled cake (DOC) has also strengthened at the local level. But its spot price is still less than MSP. He said that due to improvements in the Malaysian exchange and increased speculation, CPO and palm oil prices have also improved. To avoid this fluctuation abroad, the only way seems to be to increase the production of edible oil-oilseeds in the country. Sources said that despite getting good prices at MSP, farmers in Haryana, Punjab are bringing less cotton. Due to fewer arrivals, cottonseed prices improved.
The prices of oilseeds are below in table format:
| Product | Price (Rs per quintal/tin) |
|---|---|
| Mustard oilseeds | 6,700 – 6,750 per quintal |
| Peanuts | 6,725 – 7,000 per quintal |
| Peanut oil mill delivery (Gujarat) | 15,675 per quintal |
| Peanut refined oil | 2,370 – 2,670 per tin |
| Mustard oil Dadri | 14,150 per quintal |
| Mustard Pakki Ghani | 2,310 – 2,410 per tin |
| Mustard Kachi Ghani | 2,310 – 2,435 per tin |
| Sesame oil mill delivery | 18,900 – 21,000 per quintal |
| Soybean oil mill delivery, Delhi | 14,650 per quintal |
| Soybean mill delivery, Indore | 14,400 per quintal |
| Soybean oil degum, Kandla | 10,675 per quintal |
| CPO ex-Kandla | 13,300 per quintal |
| Binola mill delivery (Haryana) | 13,700 per quintal |
| Palmolein RBD, Delhi | 14,850 per quintal |
| Palmolein ex-Kandla (without GST) | 13,800 per quintal |
| Soybean grain | 4,625 – 4,675 per quintal |
| Soybean loose | 4,325 – 4,360 per quintal |
| Maize cake (Sariska) | 4,200 per quintal |
This table lists the latest prices of various oilseeds and oils.
How to check the Edible Oil Prices online, step-by-step guide:
- Step 1: Visit a Reliable Source
Go to the official websites of the Indian Oilseeds and Produce Export Promotion Council (IOPEPC) or the Ministry of Consumer Affairs.
Alternatively, you can use apps like AgriBazaar, Agmarknet, or eNAM for real-time data. - Step 2: Search for “Edible Oil Prices”
Use the search bar to look up the latest rates for mustard, soybean, peanut, and other oils. - Step 3: Choose the Market/City
Select your preferred market or city for location-specific prices. - Step 4: Review the Prices
The updated rates will be displayed, including information on wholesale and retail prices.