COMMODITY
Edible oil prices in retail market start easing with softening international rates: Food Secretary
Jun-23-2022

With softening international rates and the government’s timely intervention, Food secretary Sudhanshu Pandey has said edible oil prices in the retail market have started easing. As per government data, the average retail prices of packaged edible oils have ease slightly, except for groundnut oil, across the country since the beginning of this month and are ruling between Rs 150 and 190 per kg.

Pandey said not only edible oils, retail wheat and wheat flour prices are stable as well, and added that regulations have been useful in keeping domestic prices in check. As per the data compiled by the Department of Consumer Affairs, the average retail prices of groundnut oil (packaged) stood at Rs 188.14 per kg on June 21 as against Rs 186.43 per kg on June 1.

Also, Mustard oil rates have come down marginally to Rs 180.85 on June 21 from Rs 183.68 per kg on June 01. Vanaspati price is flat at Rs 165 per kg. The price of soya oil is marginally down to Rs 167.67 from Rs 169.65, while rate of sunflower dipped slightly to Rs 189.99 from Rs 193 per kg. Palm oil rate has come down to Rs 152.52 per kg on June 21 from Rs 156.4 per kg on June 1.

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