Edible oil prices will come down – Wholesalers
Ravindra Gulati, a wholesale trader based in Delhi’s Naya Bazar, told ABP News that the prices have increased but the good thing is that this price is now reaching its highest level. From here now the price will slowly start coming down. According to him, one of the major reasons for this is that people are now slowly searching for an alternative to palm oil. Gulati estimates that in the next 3 months, the prices of all major edible oils in India will have come down significantly. He also believes that the ban on Indonesian exports cannot continue for long.
palm oil accounts for 40 percent of the consumption of edible oils