Government meets oil producers associations to discuss further cut in edible oil prices
The Statesman|June 03, 2023
The government today held a meeting with leading industry representatives, including the Solvent Extraction Association of India (SEAI) and the Indian Vegetable Oil Producers’ Association (IVPA), to discuss a further reduction in the retail prices of edible oils amidst a continued fall in global prices.
Government meets oil producers associations to discuss further cut in edible oil prices

This was the second meeting convened within a month by the Department of Food and Public Distribution with the industry representatives.

The industry informed that the global prices of different edible oils have fallen by $ 150200 per tonne in the last two months.

Industry informed that they have reduced the MRP and will further reduce it shortly. However, there is an element of time lag for reflection in the retail markets and the retail prices are soon expected to come down further.

This story is from the June 03, 2023 edition of The Statesman.

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This story is from the June 03, 2023 edition of The Statesman.

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