'Edible oil prices ease as major brands cut rates'

Quick Summary

Edible oil prices in the retail market have started easing with softening of international rates and the government's timely intervention, food secretary Sudhanshu Pandey said on Wednesday.

As per the data compiled by the Department of Consumer Affairs, the average retail prices of groundnut oil (packaged) stood at Rs 188.14 per kg on June 21 as against Rs 186.43 per kg on June 1.

The import of vegetable oils (edible and non-edible) during first seven months of 2021-22 oil marketing year, ending October, rose 1 per cent to 77,68,990 tonnes compared to 76,77,998 tonnes in the corresponding period of the preceding oil year.Rocketry actor R.iDivaMensXP.comFeminaETimesGraziaZoomTravel DestinationsBombay TimesCricbuzz.

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Article Details

Author / Journalist: PTI

Category: Business

Topics: Edible oil price India edible oil Edible oil Business news India edible oil price Edible oil price falls

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 01:42:15

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 702 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 4108

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