Hyderabad: The cooking oil prices are likely to rise as Indonesia has decided to stop export of palm oil. Indonesia is the biggest producer of palm oil. The high inflation locally there forced the Government to stop exports to ensure there are adequate stocks for domestic consumption. “Indonesia made a statement stopping exports from April […]
Hyderabad: Prices of cooking oil are on an upwards spiral and have gained up to Rs 25 more per litre. The trade segments attribute the increase in prices to the tightening supplies of sunflower and safflower oils, both called as sun oils, to the Russia-Ukraine war. Also, palm oil imports are getting costlier due to […]
