On Tuesday, the Jaipur market experienced a drop in edible oil prices due to reduced demand. Traders noted that the decline in market demand led to a decrease in prices for most oils, while a few remained stable.
Prices for Kota soybean refined oil and Bikaner peanut oil fell between 200 to 300 rupees per quintal. This reduction may provide some relief to consumers, but its sustainability will depend on future market trends.
Conversely, the prices for mustard crude oil and mustard mill delivery remained unchanged, showing no significant fluctuations. The strength of mustard oil is offering some support to the market amidst the decline of other oils.
At Kandla Port, palm oil prices are showing a mixed trend due to global signals and import pressures. However, this has directly impacted the decline of other oils in the Jaipur market.
Traders suggest that the edible oil market may continue to experience a phase of softness due to weak demand and improved supply. Meanwhile, mustard-based products are maintaining stability. Market experts advise consumers and traders to keep an eye on prices, as future directions will be influenced by international markets and local arrivals.
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