The prices of mustard, groundnut, cottonseed, soybean oil oilseeds, CPO and palmolein oil rose on Tuesday in the Delhi oil-oilseed market amid rising trend in overseas markets and increasing local demand. According to informed sources of the oil industry, in view of the fast trend in the overseas markets and the subsequent festive demand, increasing buying in the market has led to an improvement in the prices of various oilseeds.
He said that due to the high demand for old mustard in the market and lack of goods in the market, all its oil prices including mustard seeds increased. Groundnut oil oilseeds prices improved due to exports and local demand. Cottonseed oil prices also improved due to increased local buying. In addition to the two percent rise in the Chicago Exchange, Malaysia Exchange also gained on Tuesday. There is no stock of oil in the pipeline and shortage of good inventories may cause problems during the soybean sowing during May-June. Sources said that the traders who have taken export deals are facing problems due to 15-25 percent tainted goods in the produce. Soybean procurement plant price in Maharashtra has gone up to Rs 5,150-5,200 per quintal. Demand for light and palm oils has increased globally. CPO, palmolein delhi and palmolein kandla prices improved due to increased demand.
On Tuesday, the wholesale price in the wholesale market remained as follows (Price – Rs. Per quintal)
Mustard Oilseed – 6,495 – 6,545 (42% Condition Price) Rs.
Peanut seed – Rs 5,710- 5,775.
Peanut Oil Mill Delivery (Gujarat) – Rs 14,360.
Groundnut Solvent Refined Oil Rs 2,285 – Rs 2,345 per tin.
Mustard Oil Dadri – Rs 13,610 per quintal.
Mustard Pakki Ghani – Rs 2,025 -2,175 per tin.
Mustard Raw Ghani – Rs 2,155 – Rs 2,270 per tin.
Sesame Oil Mill Delivery – Rs 11,250 – 15,250.
Soybean Oil Mill Delivery Delhi – Rs 12,400.
Soybean Mill Delivery Indore – Rs 12,000.
Soybean Oil Digam, Kandla – Rs 11,100.
CPO X-Kandla – Rs 10,350.
Cottonseed Mill Delivery (Haryana) – Rs 11,100.
Palmolin RBD, Delhi – Rs 11,980.
Palmolin Kandla 11,100 (without GST)
Soybean oilseed mill delivery Rs 5,000 – Rs 5,025, Rs 4,875 – 4,950 in loose
Maize Khal (Sariska) Rs 3,525