Agri Buzz: Edible Oil Prices Softening In India Over Last Few Weeks

Agri Buzz: Edible Oil Prices Softening In India Over Last Few Weeks

Jun 16, 2021 05:06 IST capital market

Ministry of Consumer Affairs, Food & Public Distribution noted in a latest update that the prices of edible oils has began to decline in last few weeks and the Government is working on a series of mid- and long-term measures to keep the price rise under control from a long term perspective. The price of Palm Oil was Rs 142 per kg on May 7 and now it has come down to Rs 115 per kg, a drop of 19%.The price of Sunflower Oil was Rs 188 per kg on May 5 and now it has come down to Rs 157 per kg, a drop of 16%. The price of Soya Oil was Rs 162 per kg on May 20 and now it has came down to Rs 138 per kg in Mumbai, a drop of 15%. Mustard Oil price was Rs 175 per kg on May 16 and now it has come down to Rs 157 per kg, a drop of nearly 10%.

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