The demand is low in the market, the millers of Delhi and Kolkata line are buying
500 bags are arriving daily in Nagaur market and the buying in the market is less
The price in the market is running at Rs. 7,600/q
According to the information, there is a possibility of importing mung daal in the election year, the government is going to release the weighing stock purchased at the support price.
Looking at all these circumstances, a fall of Rs. 500/q can be seen in the market.
To reduce the gap between production and consumption, the government is encouraging farmers to increase production of oilseed.
These efforts have also yielded some results, and the production of oilseed has improved over the years. India is estimated to import 143.7 LMT of vegetable oil in 2022~23, as against 140.7 LMT in 2021~22.
This is marginally better than the 153.2 LMT imported in 2016-17.
Soybean and mustard are the major crops, accounting for 35% and 32%, respectively.