The common man is going to get a big relief. Everyday essential edible oil is now going to become cheaper. Edible oil processors and manufacturers have agreed to cut edible oil prices by Rs 10-12 to benefit the common man after the fall in global prices. Read the full report.
Common man can get big relief. In the coming days, the prices of edible oil may see a further fall.
Edible oil processors and manufacturers have agreed to cut edible oil prices by Rs 10-12 to benefit the common man after the fall in global prices. This has been said in a report.
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You Must know, what is The fall in the international market
India is a major importer of edible oils. It imports about two-thirds of its edible oil requirement. Edible oil prices have seen a sharp jump in recent months due to the ongoing Russia-Ukraine conflict and Indonesia’s ban on palm oil exports to other countries. However, Indonesia has lifted its ban on palm oil exports in recent months, leading to a softening of edible oil prices in the international market. There has been a sharp fall in the prices of edible oil in the international market. However, the situation is a bit different in the domestic market, as the prices are gradually coming down here.
According to the report of a reputed news channel
In a report, an official said on the condition of anonymity, “In view of the softening of global prices, the cooking oil manufacturers have agreed to reduce the edible oil prices by another Rs 10-12. We have had a good meeting with oil manufacturers, in which we have given a detailed presentation with data.
