TIWN Jan 11, 2020
AGARTALA, Jan 11 (TIWN): All commodity prices are jumping up faster as fast as CAA goes to be implemented in India under Modi Govt, which inherited the power from 2014 with an “Acche Din Promiseâ€. A reported said, the prices of crude palm oil (CPO) have gone up to 15 per cent in last one month after India imposed restrictions on imports on refined palm oil from Malaysia. On the Multi Commodity Exchange (MCX), all CPO futures traded up on Friday, while the CPO price in January expiry futures contract rose to Rs 839.80 per 10 kg. A month ago on December 10, the CPO price on MCX was Rs 731.40 per 10 kg which means the CPO prices have gone up by 15 per cent in the last one month. At the same time, fuel prices, taxes on Electricity, Health Service, trade licenses are going very high. Petrol price in Agartala remains today Rs. 77, Rs. 71.29. On the other hand, Gomati Cooperative Milk Producers Union has increased prices of milk from January 7 which has claimed a hike of 30%.
SUCI said, it was formed in 1882 and handed over to Cooperative society but the price was never hiked like this. The previous hikes didn’t affect the people much but now directly from Rs. 45 to Rs. 60 has been hiked.
“When Commodity prices are at hike, in milk prices that much hikes left the public worried and resented”, said SUCI State Secretary Arun Bhowmik, adding, “If continuously prices go high then, what would people eat ?
With palm oil imports steadily rising, there has been an increase in the prices of all edible oils.
According to the retail price available on the website of the Union Ministry of Consumer Affairs, the price of mustard oil in Delhi has increased by Rs 12 per kg in the last one month. The price of mustard oil was Rs 124 per kg on December 10, 2019 in Delhi, which rose to Rs 136 per kg on January 10, 2020. At the same time, the price of palm oil has increased from Rs 91 a month to Rs 105 a kg in Delhi. In Delhi, the price of soya oil has increased from Rs 106 to Rs 122 per kg in a month.
At the same time, in terms of wholesale price, the price of crude condensed mustard oil in Jaipur was Rs 954 per 10 kg on Friday, which was Rs 905 per 10 kg on December 10, 2019. Soya oil price in Madhya Pradesh-based Benchmark Mandi, Indore, was Rs 945 per 10 kg on January 10, 2020 as against Rs 860 per 10 kg a month earlier.
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