How is this relationship between edible oil and milk? Milk prices may increase due to fall in edible oil

milk prices may increase

Sources said that if the market is saturated with cheap imported oils, where will the potential production of mustard, which has about 42 per cent oil content, be consumed this time around 125 lakh tonnes. When oil prices are cheap, khal prices become expensive, because oil traders make up for the loss of oil by increasing the price of khal. Animal feed will be costlier due to costlier of khal, deoiled cake (DOC) and prices of milk, milk products will increase and eggs, chicken will be costlier.

Mustard MSP has increased

In the current year, the government has increased the Minimum Support Price (MSP) of Mustard. The MSP of mustard, which was earlier Rs 5,000 per quintal, has been increased to Rs 5,400 per quintal. According to sources, if the current situation of cheap imported oils continues, mustard will not be consumed and the stock of mustard and soybean oilseeds will be left. This situation also shows a different paradox.

Stop the quota system of duty free import

Sources said the government should do away with the quota system of duty-free imports at the earliest as it has no justification. When this system was implemented, the prices of edible oils were crashing. But this system, which was expected to soften the prices of edible oil, became ineffective due to the system of arbitrary determination of maximum retail price (MRP).

Need to stop the arbitrariness of oil companies

According to sources, the government should make it mandatory for all edible oil producing companies to disclose their MRP on the official website. This is likely to curb the arbitrariness of oil companies and small packers. Probably for this reason, consumers have to buy this oil at a higher price despite the global oil prices being almost half. Sources said that consumers are not getting the benefit of fall in edible oil prices due to higher MRP fixed in the retail market after price break in bulk sale.

have to set goals

Sources said that if the country’s oil oilseeds are not consumed in the market, the import may increase significantly as compared to earlier. The country has to decide whether it wants self-reliance or complete dependence on imports. For self-reliance, first of all, efforts should be made to curb cheap imported oils. The Chicago Exchange closed with a weakness of 1.75 percent on Friday.

The prices of oil and oilseeds remained as follows on Saturday:

Mustard oilseeds – Rs.6,520-6,570 (42 percent condition rate) per quintal.

Groundnut – Rs.6,530-6,590 per quintal.

Groundnut oil mill delivery (Gujarat) – Rs 15,500 per quintal.

Groundnut refined oil Rs 2,445-2,710 per tin.

Mustard oil Dadri – Rs 13,000 per quintal.

Mustard Pakki Ghani – Rs 1,175-2,105 per tin.

Sarson Kachi Ghani – Rs 2,035-2,160 per tin.

Sesame oil mill delivery – Rs 18,900-21,000 per quintal.

Soybean oil mill delivery Delhi – Rs 12,900 per quintal.

Soybean Mill Delivery Indore – Rs 12,700 per quintal.

Soybean oil Degem, Kandla – Rs 11,100 per quintal.

CPO X-Kandla – Rs 8,330 per quintal.

Cottonseed Mill Delivery (Haryana) – Rs 11,400 per quintal.

Palmolin RBD, Delhi – Rs 9,900 per quintal.

Palmolin X- Kandla – Rs 8,940 (without GST) per quintal.

Soybean seed – Rs.5,500-5,580 per quintal.

Soybean loose – Rs 5,240-5,260 per quintal.

Maize Khal (Sariska) – Rs 4,010 per quintal.