Aurangabad, Dec 20:
Rising prices of soybean oil, cottonseed oil, palm oil and vegetable oil have hit new highs due to lower inflow. This has accelerated inflation. However, the fall in gram and tur dal has brought some relief.
Imports of sunflower oil and palm oil have declined. As a result, domestic edible oil prices have skyrocketed. Last week, the price of soybean oil rose to Rs 115 per litre. This is followed by cottonseed oil at Rs 110 and palm oil at Rs 110 per litre. To date, the price of the edible oil has never reached this high. Due to rising prices of palm oil, vegetable oil is also being sold at Rs 110 per kg. As new groundnuts are being exported, the price of groundnut oil has gone up by Rs 10 and is being sold at Rs 150 to Rs 155 per litre.
Boom in edible oil
Oil December 13 December 20
Soybean oil Rs 110 115
Cottonseed oil Rs 105 110
Palm oil costs Rs 105 110
Box:
Reduction in price of pulses
Pulses
Gram Rs 53-57
Tur dal Rs 78-82
Wheat Rs 20-33
Quotes:
Relief to customers
Prices of gram and pulses have declined by Rs 10 per kg. Gram is selling at Rs 53 to 57 per kg and tur dal at Rs 78 to 82 per kg said Nilesh Somani, Wholesaler
Boom in edible oil prices
Declining imports have pushed up edible oil prices. The limit of 50 people for marriage has affected the demand for edible oil, Jagannath Basaiye, oil sellers.
Vegetable prices slashed
Old potatoes cost Rs 30, new ones Rs 25, onions Rs 30, cucumbers Rs 10 per kg and tomatoes Rs 20 per kg. Farmers are getting less price for the product, said Sakharam Shinde, farmer.