Abroad On Friday, the price of almost all the oil-failures in the domestic market was accelerated in the midst of the boom in the domestic market. Despite this boom, crops like peanuts, soybeans, sunflowers, are being sold at a price below the minimum support price (MSP) in the spot market. The Malaysia Exchange closed at 3.30 pm, while the Chicago Exchange was also rose by one and a half percent on Thursday night and still continues to strengthen here. Market sources said that imported soybean deg oil has been sold at a price 4-5 percent below the cost of imports, as they have money problems.
Soybean’s MSP is Rs 4,892 quintal
Soybean’s MSP is Rs 4,892 quintal and the price of the spot market is 15-18 percent i.e. about Rs 4,000 quintal. The sunflower is selling at a price of about 20 percent from MSP, peanuts at a price 22-23 percent from MSP. The situation is better in the case of mustard and the market demand and supply rules continue to be traded. Sources said that in the last three days, the Cotton Corporation of India (CCI) has increased the price of cotton Narma by Rs 225. Despite this strength in the spot price, the price of cottonseed on Thursday in futures trading has been broken about half percent and today about one percent. But the CCI is no longer in the pretense of futures trading and is buying nomine at the right price and the price of cottonseed seed is not reduced, because the prices of cotton in Haryana, Punjab are strong.
Sources said that when the spot market is strong due to low production, then people who break the price in futures trading should be identified. It should also be investigated whether the officer of any oil organization has a hand in it. Often only a few such people are seen advocating futures business.
The prices of oil and tears are as follows:
- Mustard oilseeds – 6,125-6,225 per quintal.
- Peanut – 5,425-5,750 rupees per quintal.
- Peanut oil mill delivery (Gujarat) – Rs 14,200 per quintal.
- Peanut refined oil – Rs 2,165-2,465 per tin.
- Mustard oil Dadri- Rs 13,350 per quintal.
- Mustard paved Ghani- Rs 2,295-2,395 per tin.
- Mustard raw ghani- Rs 2,295-2,420 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 13,650 per quintal.
- Soybean Oil Digam, Kandla- Rs 10,000 per quintal.
- CPO X-Kandla- Rs 13,000 per quintal.
- Betana Mill Delivery (Haryana)- Rs 13,000 per quintal.
- Pamolin RBD, Delhi- Rs 14,700 per quintal.
- Pamolin X-Kandla- Rs 13,600 (without GST) per quintal.
- Soybean Dana – Rs 4,275-4,325 per quintal.
- Soybean loose- Rs 3,975-4,075 per quintal.
(With PTI/language input)
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