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Improvement in various oil-oilseed prices including soybean, palmolein due to increased demand

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language | Updated: 20 Feb 2021, 04:20:00 PM

New Delhi, Feb 20 (PTI) Soybean, cottonseed, CPO and palmolein oil prices recorded gains in the Delhi oil-oilseed market on Saturday, due to a rising trend in overseas markets and increased local demand due to festivals. According to informed sources in the oil industry, due to high demand for sunflower oil, its price has reached a record level of Rs 165 per kg, including Goods and Services Tax (GST) and other duties, prices of which were around 6-8 months ago. . The global price of sunflower oil is currently at $ 1,455 per ton, up from $ 950 6-8 months ago.

New Delhi, Feb 20 (PTI) Soybean, cottonseed, CPO and palmolein oil prices recorded gains in the Delhi oil-oilseed market on Saturday, due to a rising trend in overseas markets and increased local demand due to festivals. According to informed sources in the oil industry, due to high demand for sunflower oil, its price has reached a record level of Rs 165 per kg, including Goods and Services Tax (GST) and other duties, prices of which were around 6-8 months ago. . The global price of sunflower oil currently stands at $ 1,455 per ton, up from around $ 950 6-8 months ago. Global demand for soybean refined and palmolein oil has also increased following the rise in sunflower. Apart from this, there was also a huge demand for Soybean Khali DOC (Oil Free Khal). He said the Chicago Exchange had a two percent gain last night, which had a favorable impact on local oil prices. Demand for old mustard has increased in the mandis. Mustard and groundnut oil prices continued to be on the upside amid general business. On the other hand, the prices of soybean and palmolein oil have improved substantially due to increase in demand of edible oils from the confectioners and salt companies. The supply pipeline of wholesalers is becoming increasingly empty, closing the prices of these oils showing improvement. In Madhya Pradesh and Maharashtra, there has been a demand for a good soybean grain. The processing units there have to buy goods directly from the mandis for about Rs 5,200 a quintal. Apart from this, the demand of the companies that make soybean buds has also increased and they are buying them at a price of Rs 6,000 quintals. He said that the next crop of soybean was still about eight months late and the local as well as export demand of DOC for fodder had increased due to crop failure due to rain. This led to a rise in soybean and in this situation it is expected to increase its production next year. Wholesale prices in the market on Friday were as follows- (Price – Rs. Per quintal) Mustard Oilseed – 6,395 – 6,445 (42% Condition Price) Rs. Peanut Dana – Rs 5,760- Rs 5,825. Peanut Oil Mill Delivery (Gujarat) – Rs 14,400. Groundnut Solvent Refined Oil Rs 2,295 – Rs 2,355 per tin. Mustard Oil Dadri – Rs 13,300 per quintal. Mustard Pakki Ghani – Rs 1,995 -2,145 per tin. Mustard Raw Ghani – Rs 2,125 – Rs 2,240 per tin. Sesame Oil Mill Delivery – Rs 11,250 – 15,250. Soybean Oil Mill Delivery Delhi – Rs 12,550. Soybean Mill Delivery Indore – Rs 12,250. Soybean Oil Digam, Kandla – Rs 11,250. CPO Ex-Kandla – Rs 10,450. Cottonseed Mill Delivery (Haryana) – Rs 11,300. Palmolin RBD, Delhi – Rs 12,250. Palmoline Kandla 11,300 (without GST) Soybean Oilseeds Mill Delivery Rs 5,110 – Rs 5,140, ​​Rs 4,950- 5,000 in Loose Maize Khal (Sariska) Rs 3,525

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