Traders said the Malaysia Exchange was down about 0.6 per cent while the Chicago Exchange is down by half a per cent.
Sources said palmolein is far cheaper than CPO. There is no profit in importing Crude Palm Oil (CPO). CPO and palmolein prices remained flat amid a fall on the Malaysia Exchange as there is very limited winter demand for CPOs.
Sources said that there is a very small demand for Soyabean Oil-free Oil (DOC) in small quantities. There has been a decline in soybean oilseeds due to its unblemished business. While importing soybean degum oil from abroad, due to the cheap seating, soybean oil prices are also soft.
Groundnut oil and oilseeds also remained unchanged amid normal trade.
He said that the availability of mustard is very less. There is a demand for mustard from small oil mills (consuming five to seven bags per day), which led to marginal improvement in the prices of mustard oil oilseeds. Sources said that there will be problem in mustard for one-and-a-half to two months.
Sources said that still some companies have not revised the retail price of edible oils commensurate with the reduction in wholesale prices. Oils like groundnut, sunflower, are being sold to the customers at 10-15 per cent more than the maximum retail price (MRP). The government should re-survey the MRP and take steps to make the retail price commensurate with the wholesale price.
According to sources, in the meeting held with the Food Secretary, the oil companies said that they will ensure the campaign to make the retail price commensurate with the wholesale price from January 1, to pass on the benefit of duty reduction to the common people, but it is seen that some The companies have not yet implemented this commitment. The government will have to keep a constant vigil on it.
He said that the maximum price of mustard oil should be Rs 180-185 per liter but some companies have still kept its MRP at Rs 200-220 per litre.
The wholesale price in the market was as follows- (Rs. per quintal)
Mustard oilseeds – 8,225 – 8,255 (42 percent condition price) Rs.
Groundnut – Rs 5,840 – Rs 5,930.
Groundnut Oil Mill Delivery (Gujarat) – Rs 13,000.
Groundnut Solvent Refined Oil Rs 1,910 – Rs 2,035 per tin.
Mustard oil Dadri – Rs 16,810 per quintal.
Sarson Pakki Ghani – Rs 2,515 -2,640 per tin.
Sarson Kachchi Ghani – Rs 2,695 – Rs 2,810 per tin.
Sesame Oil Mill Delivery – Rs.16,700 – Rs.18,200.
Soyabean Oil Mill Delivery Delhi – Rs 12,800.
Soybean Mill Delivery Indore – Rs 12,580.
Soyabean Oil Degum, Kandla – 11,320
CPO Ex-Kandla – Rs 11,180.
Cottonseed Mill Delivery (Haryana) – Rs 12,000.
Palmolein RBD, Delhi – Rs 12,500.
Palmolein Ex- Kandla – 11,400 (without GST).
Soyabean grain 6,525 – 6,550, Soyabean loose Rs 6,340 – 6,390.
Makkah Khal (Sariska) Rs 3,950.
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