On Monday, oil prices for almost all edible oilseeds in Delhi continued to decline. Major edible oils like mustard, groundnut, soybean-oilseed, crude palm oil (CPO), palm olein, and cottonseed oil all ended the day down in price. Other oils and oilseeds stayed at their previous prices. According to sources familiar with the market, the Malaysia Exchange saw a loss of 0.5 per cent while the Chicago Exchange saw little movement.
Oil Prices – However, how are these oils being offered at various costs in retail?
Sources claim that the wholesale oil prices of imported edible oils (sunflower, soybean, and palm olein oil) at the port are almost the same. Sunflower oil costs Rs. 80 per litre at wholesale but is sold for Rs. 150 per litre in retail. Similarly, soybean oil prices Rs. 85 per litre at wholesale but is sold for Rs. 140 per litre in retail. At the port, palm olein oil costs roughly Rs 85 per litre at wholesale, while it costs Rs 105 per litre when purchased directly from the manufacturer.
The current retail price for premium rice bran oil is Rs 170 per litre, which is the price at which the previous maximum retail price (MRP) was reduced by Rs 20 per litre. The wholesale price for premium rice bran oil is Rs 85 per litre.
On Monday, the oil and oilseeds prices stayed the same.
- Mustard oilseeds cost between Rs 4,905 and 5,005 per quintal (condition rate of 42 per cent).
- Rs 6,630–6,690 per quintal for groundnut.
- Deliveries to groundnut oil mills in Gujarat cost Rs 16,450 per quintal.
- Rs 2,470–2,735 for a tin of refined groundnut oil.
- Dadri mustard oil costs Rs 9,240 for a quintal.
- Price per tin of mustard pakki ghani: Rs. 1,580–1,660.
- Price per tin of mustard raw ghani: Rs. 1,580–1,690.
- Sesame oil mill delivery costs between Rs18,900 and Rs21,000 per quintal.
- Delivery of soybean oil mills to Delhi costs Rs 10,150 per quintal.
- Delivery from a soybean mill in Indore costs Rs 10,000 per quintal.
- Kandla Soybean Oil Digum costs Rs 8,540 for a quintal.
- A quintal of CPO X-Kandla costs Rs 8,700.
- Delivery from a cottonseed mill in Haryana costs Rs 8,750 per quintal.
- Quintals of palmolin cost Rs 10,050 at RBD in Delhi.
- Palmolin X- Kandla costs Rs 9,100 per quintal (excluding GST).
- Rs 5,300–5,350 per quintal for soybean grain.
- Rs 5,050 to Rs 5,130 per quintal for loose soybeans.
- Sariska maize khal costs Rs 4,010 per quintal.
Read more: Agriculture Minister gave this good news prior to the arrival of PM Kisan money
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