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New Delhi: Ever since the US imposed tariffs, its impact has started to be felt on the international market. There has been a fluctuation in the prices of commodities and food items. Due to this, all oilseed prices have decreased significantly over the last week. Mustard, groundnut and soybean oil-oilseeds, crude palm oil, palmolein and cottonseed oil closed with losses.
According to experts, the price of crude palm oil was $ 1,200-1,205 per tonne last week. It had come down to $ 1,160-1,165 per tonne in the week under review. Anyway, this was also the main reason for the deterioration of sentiment. This price was earlier about $ 100 more than that of soybeans. After the reduction, it is about $ 60 more than soybeans.
Know the prices of edible oil.
Last week, the wholesale price of mustard seeds closed at Rs 6,200-6,300 per quintal, with a decrease of Rs 75. The wholesale price of mustard Dadri oil closed at Rs 13,000 per quintal with a reduction of Rs 450. Along with this, the cost of mustard Pakki and Kachi Ghani oil closed at Rs 2,340-2,440 and Rs 2,340-2,465 per tin with a decrease of Rs 40 each.
At the same time, the price of groundnut oilseed closed at Rs 5,700-6,075 per quintal with a decrease of Rs 150. The pcostof groundnut oil Guin jarat and groundnut solvent refined oil closed at Rs 14,200 and Rs 2,235,535 per tin, with a reduction of Rs 450 and Rs 55, respectively
Crude palm oil prices fell.l
Do you know that the price of crude palm oil closed at Rs 12,700 per quintal with a decrease of Rs 350. Thcostce of Palmolein Delhi fell by Rs 400 to Rs 14,100 per quinta,l and thcostce of Palmolein ex Kandla oil fell by Rs 350 to Rs 13,100 per quintal.
Along with this, in line with the general trend of decline, cottonseed oil fell by Rs 375 to Rs 13,500 per quintal in the week under review. According to experts, more turmoil can be seen in the market in the coming days.
Source: Online/OFA
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