Palm oil falls below Rs 100/litre after 3 years, Soya and Mustard oil also become cheaper

New Delhi: The impact of the central government's policies regarding the import of palm oil is now visible in the market. After a long gap of three years, palm oil prices have reached below Rs 100 per litre. It is the effect of palm oil that the prices of soya oil and mustard oil are also continuously falling. However, the price of mustard oil on crusher machines is still above two hundred. Before the Corona epidemic, palm oil was around Rs 78 per litre in 2019. At the same time, the prices of soya oil were also below Rs 100 per litre. But, after some restrictions imposed by the Government on imports, the prices started increasing continuously.

At one time, the price of palm oil had reached Rs 160 per litre. After the announcement of relief on imports, the prices of palm oil are continuously declining. On Monday, palm oil was sold at Rs 92 per litre in Mahewa and Sahebganj mandis. Palm oil accounts for 50 per cent of the sale of edible oils. Sanjay Singhania, president of the Chamber of Commerce, has informed that 'after three years, prices have come down to below Rs 100. If the policies of the government are not amended, their prices will fall further.'

Along with mustard oil, the prices of flour and tur dal have also been stable for the last one and a half months. Local flour is being sold at Rs 2800 to Rs 2900 per quintal. At the same time, tur dal is being sold between Rs 95 and Rs 105 per kg. In March, the price of palm had reached Rs 2800 per tin, which increased the prices of bread and biscuits. Pom has reached 1610 per tin in the mandi. Soya oil, which was sold at Rs 2850, is being sold at a price of Rs 1890 per tin.

Saudi Arabia's real GDP is predicted to increase by almost 8%

Elon Musk and Gautam Adani lose more than $2 lakh crore in one day

China's position as the world's leading producer of smartphones is now in jeopardy

- Sponsored Advert -

Most Popular

- Sponsored Advert -