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Cooking oil supplies to continue smoothly: Oil Industry

BNE ADMIN


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New Delhi: The edible oil industry has assured the government that it will ensure a smooth supply of sunflower and other cooking oils for the next two months, amid concerns over possible disruption in supplies due to the Russia-Ukraine war, sources said on Friday.

India imports a large quantity of sunflower oil from Ukraine.

A meeting chaired by Food and Consumer Affairs Minister Piyush Goyal on Friday, reviewed the supply situation of cooking oils, including sunflower oil.

According to the sources, the industry also informed the ministry about a declining trend in edible oil prices in the last two days. Retail prices of mustard oil could further cool down on the arrival of the new mustard crop, they added.

The meeting was attended by Solvent Extractors Association president Atul Chaturvedi, Indian Vegetable Oil Producers' Association secretary-general SP Kamrah and representatives of leading refiners and importers, including Adani Wilmar, Ruchi Soya, and Modi Naturals.

Source- PTI

BNE ADMIN