Cooking Oil price down, Know the new rates
Soybean oil prices have fallen by ₹1 to ₹135 per kg, bringing relief to consumers. Traders expect prices to decline further until the new crop arrives. Retail packs sell at ₹130–₹155, while wholesale rates vary sharply. India imports 60% of palm oil, making domestic edible oil prices highly volatile.
Cooking Oil Price- Good news for common people. Today the rate of soybean oil has gone down by Rs 1. Now soybean oil will be available at Rs. 135 per kg. But it is not yet known whether the price will go down further. Due to 100% sale of soybean oil, the effect of boom and recession keeps on happening.
According to edible oil traders, the situation of falling prices may continue till this month. Soybean oil will fall when the new soybean crop arrives. In retail, soybean Vama and Swaddy packing 1 liter 900 grams is being sold for Rs 130. Damani peanut oil 1 liter 900 grams is being sold for Rs 155.
In the wholesale market, Daulatganj soybean oil 15 kg is sold for Rs 2100, soybean oil 13 kg for 1860 rupees, and the same peanut oil is being sold at the rate of Rs 2330 per tin.
At this time, the prices of edible oil are not stable. The prices are different in the morning and different in the evening. Uniformity has ended. 40% of the oil is produced in the country while 60% of palm oil is imported from Malaysia and other countries. If the import of palm oil from outside stops, there could be a huge shortage of oil in the country.
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Source : Times Bull
