Edible Oil Prices in India: Palm Oil, Mustard, and Soybean Prices Take a Hit!
Global market fluctuations, following Donald Trump’s tariff policy, have led to a decline in palm oil prices, dropping from $1,200–1,205 to $1,160–1,165 per ton. Domestic edible oil prices, including mustard and groundnut oils, have also decreased. Wholesale prices for mustard seeds, soybean, and groundnut oilseeds fell, but retail prices may rise due to market volatility.
In the coming days, the prices of such edible oils can increase. Talking about a few days ago, the cost of palm oil was $ 1,200-1,205 per ton. In the week under review, it came down to $ 1,160-1,165 per ton. Due to the upheaval in the market, the price has declined
Know the oil prices
Last week, the wholesale price of mustard seeds closed at Rs 6,200-6,300 per quintal with a decrease of Rs 75. The wholesale rate of mustard Dadri oil closed at Rs 13,000 per quintal with a reduction of Rs 450. Along with this, the price of mustard refined and crude oil closed at Rs 2,340-2,440 and Rs 2,340-2,465 per tin (15 kg) with a decline of Rs 40-4,0 respectively.
Apart from this, the wholesale price of soybean grain and soybean loose closed at Rs 4,400-4,450 and Rs 4,100-4150 per quintal respectively with a decline of Rs 25-25. Along with this, the price of soybean Del, nd soybean Indore and soybean degum closed at Rs 13400, Rs 13,150 and Rs 9,550 per quintal respectively with a decline of Rs 425, Rs 325 and Rs 2,25.
Price of groundnut oilseeds
The price of groundnut oilseeds closed at Rs 5,700-6075 per quintal with a decline of Rs 150 during the week under review. The prices of groundnut oil from Gujarat and groundnut oil declined by Rs 450 and Rs 55, closing at Rs 14,200 and Rs 2,235-2,535 per tin, respectively.
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Source : Times Bull
