in foreign countries oil-oilseeds Due to fall in the prices of oil and oilseeds, there was pressure on the prices of almost all oil and oilseeds, including domestic and imported ones, in the Delhi oil-oilseed market on Monday. Due to this, the prices of mustard, groundnut, soybean oil-oilseeds, cottonseed oil including crude palm oil (CPO) and palmolein oil declined. Market sources said that malaysia exchange It was closed on Monday, while the trading trend in the Chicago Exchange would be known late in the night.
Sources said that during November last year, the arrival of cotton in the mandis was 2-2.25 lakh bales, which has come down to about one lakh bales this time. Five lakh bales of cotton were exported last year during the said period, which has come down to about one lakh bales this time. That is, farmers are bringing their crops to the market in small quantities, avoiding selling their produce cheaply. It is worth mentioning that cottonseed meal contributes to meeting the maximum demand for animal feed. Cottonseed cake is produced in maximum quantity in the country i.e. about 110 lakh tonnes. Oil crushing mills of mustard, groundnut and cottonseed are at loss in crushing due to almost half break in the prices of imported oils.
The price of palmolein was around $2,150 per ton about six months ago.
At the same time, there is no demand for de-oiled cake (DOC) of soybean. In such a situation, there may be a shortage of cattle feed. This is probably the reason why dairy companies are increasing the prices of milk. Sources said that no indigenous oil is able to stand in front of Palmolein and other cheap imported edible oils. The government should impose maximum import duty on sunflower and other imported oils as soon as possible. This step is very important to increase the country’s oil-oilseed production. Palmolein, which was priced at $2,150 per tonne about six months ago, has now come down to $1,020 per tonne at the Kandla port. Sources said that in which market will the farmers of the country sell their high cost oilseed crops in front of this cheap imported oil? In such a situation, the farmers will be demoralized and the talk of self-reliance in oil-oilseed production will become meaningless.
The import duty on sunflower oil used to be 38.50 percent earlier.
Sources said that the government should closely monitor the activities of the oil-oilseed market, only then the situation can be brought under control. He said that when the prices of oil and oilseeds were strong abroad, the government reduced the import duty on sunflower and soybean oil to zero. A nominal import duty of 5.5 per cent has been imposed on CPO, which was earlier 41.25 per cent, and the import duty on sunflower oil was 38.50 per cent earlier. Now, when the prices of oil and oilseeds in foreign countries have come down to almost half, no initiative is being taken by the government. Cheap imported oil will never take us on the path of self-sufficiency, while on the contrary, indigenous oil will provide us self-sufficiency in the matter of edible oils as well as provide important skin and DOC for poultry and cattle feed.
Compared to the purchase price, its market price has remained half
He said that we cannot get any problem from the CPO. Probably for this reason, this time we also had to import Deoiled Cake (DOC). Oil importers in the country have already collapsed. He said that this time the farmers were forced to buy soybean seeds at an expensive price. Farmers bought soyabean seeds at around 11,000 per quintal. Now that the crop has come to be sold in the market, the same price has been increased to Rs 5,400-5,500 a quintal in futures trading. Now what should the farmers who buy seeds at an expensive price do, because the current price is more than the minimum support price, but compared to the purchase price of the seed, its market price has remained half.
Sources said that in Maharashtra, Andhra Pradesh, Karnataka, the DOC of sunflower and its skin is in practice for poultry feed and cattle feed. Oilseeds production in the country can increase only when farmers get good prices for their produce and there is an assured purchase system.
The prices of oil and oilseeds remained as follows on Monday
- Mustard oilseeds – Rs 7,175-7,225 (42 percent condition rate) per quintal.
- Groundnut – Rs 6,410-6,470 per quintal.
- Groundnut oil mill delivery (Gujarat) – Rs 14,750 per quintal.
- Groundnut refined oil Rs 2,395-2,660 per tin.
- Mustard oil Dadri – Rs 14,500 per quintal.
- Mustard Pakki Ghani – Rs 2,190-2,320 per tin.
- Mustard raw Ghani – Rs 2,250-2,375 per tin.
- Sesame oil mill delivery – Rs 18,900-21,000 per quintal.
- Soybean oil mill delivery Delhi – Rs 14,000 per quintal.
- Soybean Mill Delivery Indore – Rs 13,700 per quintal.
- Soybean oil Degem, Kandla – Rs 12,500 per quintal.
- CPO X-Kandla – Rs 8,850 per quintal.
- Cottonseed Mill Delivery (Haryana) – Rs 12,150 per quintal.
- Palmolin RBD, Delhi – Rs 10,300 per quintal.
- Palmolin X- Kandla – Rs 9,450 (without GST) per quintal.
- Soybean grain – Rs 5,525-5,625 per quintal.
- Soybean loose Rs 5,335-5,385 per quintal.
- Maize Khal (Sariska) Rs 4,010 per quintal.
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