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Palm Oil: India makes refined palm oil freely importable to bring down consumer prices; industry calls it a death knell for local refiners

Palm Oil: India makes refined palm oil freely importable to bring down consumer prices; industry calls it a death knell for local refiners
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Edible oil goes up from Rs 80 to Rs 180, touches 11-year high | Mumbai News


Prices of edible oil have reached an 11-year high, prompting the Centre to take stock of the situation
MUMBAI: Prices of edible oil have reached an 11-year high, prompting the Centre to take stock of the situation. India imports 65% of the edible oil consumed in the country. A global shortfall in production, as well as hefty government duties, both here and abroad, are to blame for the price rise.
Rates of sunflower, soya and mustard oil have all increased at a fast rate since 2020 from about Rs 80 to Rs 180 per litre. Consumers whose incomes have dropped owing to the pandemic lockdown, are weighed down by this additional burden. ....

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