In the country’s oilseeds market, most oilseeds prices fell on Friday. Prices of mustard, soybean oilseeds, crude palm oil (CPO), palmolein, and cottonseed oil went down. Prices of groundnut oilseeds stayed the same because farmers sold less at low prices.
Market sources said that just before soybean sowing starts in the next 10–15 days, a rumor spread that the cooperative institution NAFED will start selling soybean from April 21. Because of this rumor, market sentiment was affected and prices of most oilseeds fell.
Peanuts Price Below MSP
Farmers’ peanuts are not selling, and the spot price is much below MSP. Because of this, rumors are spreading that the government is selling peanuts in Gujarat. This may hurt the growth of the country’s oilseed production.
The price of crude palm oil (CPO) in Malaysia, which was very high for the last seven months, has fallen to the lowest level in seven months in the last few days.
Oilseed Prices
- Mustard oilseeds: Rs 6,325-6,425 per quintal
- Peanuts: Rs 5,725-6,100 per quintal
- Peanut oil (Gujarat): Rs 14,150 per quintal
- Peanut refined oil: Rs 2,245-2,545 per tin
- Mustard oil Dadri: Rs 13,050 per quintal
- Mustard Pakki Ghani: Rs 2,350-2,450 per tin
- Mustard Kachi Ghani: Rs 2,350-2,475 per tin
- Soybean oil Delhi: Rs 13,400 per quintal
- Soybean oil Indore: Rs 13,250 per quintal
- Soybean oil Degum, Kandla: Rs 9,350 per quintal
- CPO ex-Kandla: Rs 12,250 per quintal
- Binola oil Haryana: Rs 13,500 per quintal
- Palmolein Delhi: Rs 13,750 per quintal
- Palmolein ex-Kandla (without GST): Rs 12,500 per quintal
- Soybean seed: Rs 4,550-4,600 per quintal
- Soybean loose: Rs 4,250-4,300 per quintal