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After Petrol There s A Big Decline In Kachi Ghani Oil Prices

After Petrol There s A Big Decline In Kachi Ghani Oil Prices

Compared to the previous week, the price of mustard seeds fell by Rs 100 to Rs 7,515-7,565 per quintal this week

With the reduction of excise duty, the rate of petrol was reduced by Rs 9.5 per liter, now there has been a big decline in Kachi Ghani oil. The reduction in price has come since the opening of Indonesia’s exports.

Amidst the rise in edible oil in the foreign market, the opening of exports from Indonesia has had an impact on the country’s market. Last week, most of the oil-oilseeds prices saw a declining trend. The effect of this was that Kachi Ghani mustard oil has become cheaper by Rs 40. This is considered to be a big fall in the rate of edible oil.

Compared to the previous week, the price of mustard seeds fell by Rs 100 to Rs 7,515-7,565 per quintal this week. Due to this, mustard Dadri oil fell by Rs 250 to Rs 15,050 per quintal. On the other hand, the rates of mustard Pakki Ghani and Kachi Ghani oil fell by Rs 40 each to Rs 2,365-2,445 and Rs 2,405-2,515 per tin (15 kg) respectively.

Despite the rise in foreign markets, the prices of soybean grains and soybean loose also declined and they closed at Rs 7,025-7,125 (soybean grain) and Rs 6,725-6,825 per quintal (soybean loose). Groundnut Solvent Refined also fell by Rs 25 to Rs 2,625-2,815 per tin. Last week, due to higher prices in foreign markets, the price of crude palm oil also fell by Rs 500 to Rs 14,850 per quintal, the price of Palmolein Delhi fell by Rs 600 to Rs 16,350 and Palmolein Kandla fell by Rs 520 to Rs 15,200 per quintal.

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(Input From Agencies)


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