New Delhi: Edible oil level that surges the possibility of softening in December with the arrival of new plants and the possibility of a global price decline, Sudhanshu Pandey’s food secretary said on Friday.
Retail prices in India have jumped to 64% in the past year, especially in global cues.
Nearly 60% of india oil requirements that can be eaten are met through imports.
The retail price of palm oil has risen 64% to rs 139 / kg while soybean oil has increased by 51.2% to Rs 155 / liter in the past year.
The price of sunflower oil has increased 46% to Rs 175 / Liter and the price of Mustard oil 46% to Rs 175 / liter.
Edible oil prices tend to fall in December
