Eating oil
The government decided to sell the new and better quality mustard crop of 2025, after which the market saw a decline in mustard oil and oilseed prices on Saturday. At the same time, due to increasing demand for peanut oil and oilseeds and low demand in the mandis, their prices improved. Soybean oil, crude palm oil (CPO), pamoline and cottonseed oil prices remained stable due to the closure of the Chicago Exchange. The Chicago Exchange will open on Monday, then the market trend will be clear.
According to market sources, the government's mustard sales tender also put pressure on the prices of other oil-oil-oils along with mustard. On the other hand, its prices improved due to low supply of peanuts and increased demand, but these are still 14–15% below the minimum support price.
Sources said that importers have to sell soybean degigation at a lower price due to financial crisis, so that they can pay banks. This situation is slightly disturbing, because India is largely dependent on imports for edible oils. Experts should consider this problem and suggest solutions to the government.
