On Saturday, the prices of mustard, soybean, CPO and palmoline closed with a correction in the Delhi oil-oilseeds market and the prices of remaining oil and oilseeds remained unchanged. Traders said the Chicago exchange gained four percent overnight. Malaysia Exchange closed. The rise in foreign markets also boosted local oil-and-oil prices. With the exception of soybean, the price of mustard oil-oilseeds, crude palm oil (CPO) and palmolin has closed with improvements.
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Globally, soybean inventory was lower in August compared to July, he said. The global soybean inventory in July was 94.65 million tonnes, down from 93.73 million tonnes in August. Because of this, there has been a rise in the US market and its impact on the domestic market on the price of soybean oil and oilseeds, which has closed with reform.
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There is no mustard stock in cooperatives this year, which is a bit of a stockpile, even with farmers who are bringing goods to the market with restraint, he said. The price of mustard seed in Rajasthan’s Saloni, Agra and Kota rose from Rs 8,450 per quintal to Rs 8,550 per quintal. Due to the demand for the domestic festival, the prices of mustard oil and oilseeds have been strongly closed, he said. CPO and palmolin oils have also closed to show an improvement in demand.
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The wholesale price in the market is as follows – (Rs. Per quintal)
- Mustard Oilseeds – 7,975 – 8,025 (42 per cent conditional price) Rs.
- Groundnut – 6,495 – Rs 6,640.
- Groundnut Oil Mill Distribution (Gujarat) – Rs 14,750
- Peanut Solvent Refined Oil Rs 2,275 – Rs 2,405 per tin.
- Mustard Oil Dadri – Rs. 15,900 per quintal
- 2,555 -2,605 for each tin of Sarson Pakki Ghani.
- Sarson Kachi Ghani – Rs 2,640 – Rs 2,750 per tin.
- Distribution of Sesame Oil Mill – Rs.15,100 – Rs.17,600.
- Soybean Oil Mill Delivery Delhi – Rs 15,200
- Soybean Mill Delivery Indore – Rs 15,000
- Soybean Oil Decam, Kandla – Rs 13,800
- CPO Ex-Condla-Rs 12,120.
- Cotton Seed Mill Delivery (Haryana) – Rs 14,400
- Palmolin RBD, Delhi – Rs 13,750
- Palmoline X- Condla- 12,650 (without GST)
- Soybean Grain 9,000 – 9,025, Soybean Rs 8,700 – 8,750
- Makka Khal (Sariska) Rs
