date:Apr 28, 2019
n the USA and China. Besides the low duty difference, cheap prices of edible oils are also believed to have increased the imports of these varieties by India. The cheaper edible oil imports results in lower domestic edible oil prices.
The domestic prices of crude palm oil fell by nine per cent to Rs 52 per kg and that of refined palm oil declined by 4.4 percent to Rs 61.9 per kg between November 2018 and March 2019 on a y-o-y basis, while the prices of domestic refined soybean oil grew by a mod