Edible oil stabilizes on 15-day ban on futures trading

- After the Central Government has given exemption to the States for stock limit

- Government announcements ineffective: Singtel 2200 to 2300, Palm oil 1850, and Cottonseed oil 2000 to 2100.

Rajkot: In a fortnight, the price of Rajkot Singtel, cottonseed oil and palm oil has gone up despite the central government announcing measures ranging from import concessions to stock limits and ban on futures trading of six commodities including palm crude a fortnight ago. Are maintained at the same height.

On December 30, palm oil was traded at a price of Rs. 9 lakh tonnes of groundnut crop in the state, crushing in more than 500 mills, groundnut prices in the yard remained stable around support price but Rajkot Singtel was Rs. As is. In the same way, the price of cottonseed oil was Rs.

The state government has not used the stock limit weapon to appease the oil millers. Even if statewide raids were not carried out to check the quality of oil, people did not get the benefit of price reduction despite the closure of futures trading in palm oil. These measures were taken by the central government to control inflation but have so far been ineffective. On the other hand, the prices of groundnuts sold by open market farmers have remained stable at Rs.700 to Rs.1,100 per quintal. Dhoom income of both the people is happening in the market yards of Saurashtra.