In the country’s oilseed marketplace, there was a price drop in the majority of oilseeds last Friday. Mustard and soybean oilseed prices slipped along with crude palm oil (CPO), palmolein, and cottonseed oil. Groundnut oilseed prices and other oilseed prices remained the same as less was sold by farmers at lower prices.
Market sources said news circulated just before the soybean sowing season begins in 10-15 days that the cooperative agency, NAFED, would begin disposing of soybean starting on April 21. This news affected the market and driven prices for most oilseeds lower.
Spot Price of Peanuts Below the Minimum Support Price
Farmers are unable to sell their peanuts now and spot prices high below the Minimum Support Price (MSP). News circulated that government is selling peanuts in Gujarat. This could be detrimental for the nation’s oilseeds production.
Sources shared that crude palm oil (CPO) in Malaysia, which has been high for the last seven months, prices have recently dropped to the lowest level.
The current oilseed prices are as follows:
- Mustard oilseeds are ₹6,325-₹6,425 per quintal.
- Peanuts are ₹5,725-₹6,100 per quintal.
- Peanut mill delivery (Gujarat) oil is ₹14,150 per quintal.
- Peanut refined oil is ₹2,245-₹2,545 per tin.
- Mustard oil Dadri is ₹13,050 per quintal.
- Mustard Pakki Ghani is ₹2,350-₹2,450 per tin.
- Mustard Kachi Ghani is ₹2,350-₹2,475 per tin.
- Soybean oil mill delivery Delhi: ₹13,400 per quintal
- Soybean mill delivery Indore: ₹13,250 per quintal
- Soybean oil degum, Kandla: ₹9,350 per quintal
- CPO ex-Kandla: ₹12,250 per quintal
- Cottonseed mill delivery (Haryana): ₹13,500 per quintal
- Palmolein RBD, Delhi: ₹13,750 per quintal
- Palmolein ex-Kandla: ₹12,500 (excluding GST) per quintal
- Soybean grain: ₹4,550–₹4,600 per quintal
- Soybean loose: ₹4,250–₹4,300 per quintal