Agri Buzz: Global Palm And Soya Oil Prices Down Drastically In Last Few Weeks

22 Jul 2022 , 02:33 PM

The Solvent Extractors Association of India or SEA has noted in a latest update that in the last 2 months international price of palm oil dropped drastically down by US$ 700 while that of Soya and Sun oils fell by about US$ 450. The sudden fall in price has put many importers who had not hedged to face huge financial loss. Despite all the difficulties, industry responded to the appeal made by the Government and reduced MRP further by Rs. 15 to Rs.25 per litre on various brands of edible oil providing relief to the consumers.Powered by Commodity Insights