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Nov 13, 2017 · The yield has also reduced in other parts of the country so there is no way that price of groundnut oil will come down. It will remain at par with last year, it added. The claims of oil millers comes at a time when Groundnut yield in Gujarat has increased from 1,790 kg per hectare last year to 1,960 kg per hectare this year.
Despite bumper crop, oil millers not to reduce groundnut oil prices. This season the groundnut is being sold at Rs 650-750 per 20 kg in the open market, whereas the minimum support price (MSP) announced by the government is Rs 900 per 20kg.
Groundnut oil will not be available below Rs 1,100 per 15 kg, 500 oil millers announced after SOMA’s annual body meeting in Junagadh on Sunday afternoon. “Groundnut oil prices, which were as high as Rs 1,400 per 15 kg from Rs 750 early this year, will not be cheaper any more,” SOMA president Ukabhai Patel told ET.
In a bumper crop year for groundnut, Saurashtra-based oil millers see groundnut oil prices to remain low as availability of the oilseed has increased for crushing whereas demand has remained subdued. Groundnut oil prices, which had crossed Rs 2110 per 15-kg tin in April-May this year, has now fallen to around Rs 1240-1250 per 15-kg tin early this week, showing a decline of over 40-45 per cent in past seven months.
Oct 20, 2018 · According to the millers, during this week, groundnut oil prices have gone up by Rs 25 to Rs 1,625 per tin of 15 kg in retail market and this could be reach over Rs 1,700-1,750 per tin by Diwali.
Jan 17, 2018 · Demand in groundnut oil reached to bottom as prices remained higher since last one month. Despite of weak demand, price of groundnut oil traded steady on Tuesday. Trader said that, demand was very lim
Gujarat oil traders may not lower groundnut oil prices 16 Oct, 2007, 12.00AM IST In what could inflict a blow to the ruling BJP in the forthcoming Assembly elections, the Saurashtra Oil Millers’ Association on Sunday decided not to lower the prices of groundnut oil.
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“As a result, local groundnut oil millers are suffering, and have been prompted to reduce the purchase price of raw groundnut. However, groundnut growers may feel the pinch from reduced prices,” he added.
Oil Is Unlikely To Return To $80 ... perhaps at a lower volume of oil extraction, but with higher oil prices. ... Decisions made today may affect extraction ten years from now. No one knows what ...
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