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Edible Oil Price Increase: The government is constantly trying to make India self-sufficient in oilseed production, but there are no less challenges in this journey. This year, mustard production was estimated to be more than the target, but the weather hit all the hard work of the farmers. Due to strong storms and rains before harvesting in most areas of North India, all the mustard was destroyed in the fields. It just fell off. At present, the situation is such that there has been a lot of damage to mustard, so the arrival of mustard in the mandis has also decreased.
It has been told in the PTI report that the arrival of mustard and soyabean in the market has reduced considerably, due to which a clear effect is also visible on the sale. The biggest reason for this is the indefinite change of weather.
10-12 percent loss
Regarding the production and arrival of mustard, market experts say that this type of loss is seen every year, but this time there is a possibility of 10-12 percent loss in mustard. On the other hand, the central government has imposed 20 percent import duty on the import of edible oils in view of several national and international issues.
Will farmers get the right price
According to media reports, there were many reasons behind the imposition of 20 percent import duty on edible oils. In fact, this year the market price of mustard has been very low as compared to last year, so the farmers were also not able to quickly sell their mustard produce in the market.
But now after increasing the import duty, its purchase will increase to meet the demand-supply of mustard oil in the local market and the possibilities of farmers getting better prices will prevail. According to Mandi experts, farmers have full hopes of getting the minimum support price of mustard up to Rs 5,450 per quintal.
Mustard oil demand will increase
Experts of the market believe that due to increase in import duty on palm oil, its prices will also increase. Now consumers find mustard oil very cheap, so the demand for mustard oil is more likely to increase.
At present, the price of mustard is up to Rs 4,500 per quintal in different mandis of the country. Many farmers are waiting for the rain-soaked produce to dry, while some are storing it in the hope of increasing mustard prices.
Let us tell you that due to sudden increase in heat in February this year, the mustard crop suffered a lot. Its grain could not be fully prepared and remained small. Due to this the amount of oil also remained less.
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