After the historic increase in petroleum and diesel prices, Pune is
witnessing an all-time high price of edible oils.To get more news about
Edible Oil, you can visit jolionfoods official website.
According to the edible oil traders, the prices of edible oils have
increased by ₹800 to ₹1,000 per 15 kg can as compared to the prices in
April 2020.These prices have been increasing gradually throughout the
year and are not predicted to come down at least for the next two
months.
“I have been in the business of edible oil trading for the last 40
years. These are lifetime high rates of edible oils. ₹800 to ₹1,000 have
increased per can which is 15-kilograms,” said Rajkumar Nahar,
wholesale trader of edible oil and owner of MM Nahar traders located at
Market Yard in Pune.
The price hike of the edible oils is attributed to the shortage of
supply in the international market.There is a shortage of edible oil in
the international market. India imports almost 70-80 per cent of edible
oil of its total requirement. There is a 40-60 per cent import duty,”
said Nahar.
The rate of sunflower oil is ₹2400 to ₹2500 per 15 kg. The rate of
Soybean oil is ₹2000 to ₹2100, the rate of palm oil is ₹2050 to ₹2100
and the rate of groundnut oil is ₹2500 to ₹2600 per 15 kg can.While in
April 2020, the rate of sunflower oil was ₹1,500 per 15 kg, soybean oil
was ₹1,300 per 15 kg, palm oil was ₹1,200 per 15 kg and groundnut oil
was Rs1,700 to ₹2,000 per 15 kg.
The retail price of sunflower oil is Rs165, groundnut oil is ₹170, soybean oil is ₹140 and palm oil is ₹140.
The Wall