Edible Oil Price

In recent years the import bill for edible oils has been increasing in a very big way and some big initiative was expected from the union government to reduce this. The direction of government plans was indicated earlier also but more formally  the new plans  for the edible oil sector were announced on August 18. These indicate that  the government[Read More...]

The Food and Consumer Affairs Ministry informed the Rajya Sabha in the first week of  August  that the sharpest rise in retail  price of edible oils has been recorded in 2021 on a year-on-year basis since 2016. The price of sunflower oil this year has increased by 41%, folowed by a rise of 37% for soyabean oil, 35% for palmolin[Read More...]