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Indian edible oil prices rose on November 5 as overseas markets showed low demand for light oils and tight supply. Traders say imported sunflower oil and palmolein cost more, and sources urge the government to avoid duty-free import quotas.
The article calls for higher domestic oilseed production.
Higher Indian edible oil import costs support palm and soy oil prices and keep demand for imported oilseed meals firm, with the main driver being tight global vegetable oil supply.
thehindubusinessline.comBL Mangaluru BureauNov 28, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
