Domestic edible oil price rise lower than global trend: Govt

Quick Summary

The government has claimed that a series of interventions in the past one year has resulted in "insulating the import of inflation” in the edible oil sector.

It cited the data of how the international prices of major edible oils such as soyabean, sunflower and palmolein have gone up by more than 45% in the past one year while their domestic wholesale prices have increased by a maximum of 16%.

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Article Details

Author / Journalist: Dipak K Dash

Category: Economy

Topics: Food ministry Edible oil prices Domestic wholesale prices Business news Edible oil price rise Edible oil rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 02:09:06

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 2 minutes read

Article Length: 319 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 6319

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Official Website: timesofindia.indiatimes.com

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