Edible Oil Prices Update: Mustard Oil Rises, Palm, Soya, and Sunflower Oil Drop—Check Latest Govt Rates
Palm oil prices have dropped by 4%, while soybean and sunflower oils have fallen by 1%. In contrast, mustard oil prices have risen by 4%. This shift has led to a 5-6% decrease in edible oil consumption in India. Imports of soybean and sunflower oils have increased, with mustard oil gaining market share as demand for palm oil declines.
Pressure has been seen in the international market for palm oil, which has fallen by 4%. The prices of soya and sunflower oil have also dropped by 1%, while mustard oil prices are rising. Palm oil has fallen by 4% in Malaysia over the past week, and soya and sunflower oil prices have also slipped by 1% during the same period. Among all edible oils, only mustard oil prices are increasing. Mustard oil has risen by 4% in the past week. Looking at the movement of edible oils, palm oil prices have decreased by 4%, soya by 1%, sunflower oil by 1%, and mustard oil prices have increased by 4%.
Edible Oil Consumption in India Drops by 5-6%
According to a report by Moneycontrol, Sanvin Group CEO Sandeep Bajoria revealed that edible oil prices have fallen, and demand has also decreased. The rising prices of palm oil have led to a decline in its demand. On the other hand, soybean imports have increased in India.
Sandeep Bajoria further noted that edible oil consumption in India has dropped by 5-6% in recent months. The sharp rise in palm oil prices has significantly reduced its demand. Meanwhile, soybean and sunflower oils are being imported, and mustard is now entering the markets. Purchases from NAFED are awaited. In March, the total import of edible oil was reported at 10 lakh tonnes.
Latest Prices of Oilseeds and Oils (in Rs per Quintal/Tin)
| Product | Price Range |
|---|---|
| Mustard oilseeds | 6,700 – 6,750 per quintal |
| Peanuts | 6,725 – 7,000 per quintal |
| Peanut oil mill delivery | 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 lose | 4,325 – 4,360 per quintal |
| Maize cake (Sariska) | 4,200 per quintal |
This table provides the latest prices of various oilseeds and edible oils.
How to Check Edible Oil Prices Online: Step-by-Step Guide
Step 1: Visit a Reliable Source
Go to official websites like 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 price data.
Step 2: Search for “Edible Oil Prices”
Use the search bar on these platforms to find the latest rates for mustard, soybean, peanut, and other oils.
Step 3: Choose Your Market or City
Select your desired market or city to get location-specific price updates.
Step 4: Review the Prices
The current prices will be displayed, including wholesale and retail rates for edible oils and oilseeds.
To read more about Edible Oil News continue reading Agriinsite.com
Source : Times Bull
