Author: rickybuley19377
Domestic Retail and Wholesale prices of edible oils dropped in India except that of Mustard Oil
While international prices of edible oils are soaring, the domestic market has reported a declining trend in prices with exception, informed Department of Food and Public Distribution (DFPD). Source – DoCA/SEAI Though the international prices of edible oils have gone up in the range of 1.95% to 7.17% after the import duty reduction, the decreasing trend in domestic prices and net effect (ranges for 3.26% to 8.58% declined) after duty reduction is quite substantial. Necessary policy intervention by Central Government with reference to duty reduction is proving to be beneficial for the general consumers. International Prices of ... Read more