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Amid falling global prices, edible oil players see demand uptick

Inflationary trends led by edible oil prices had hurt both household and industrial demand for soft and hard oils in Q1

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Hard oils like palm, which are semi-solid at room temperature, are used for making hydrogenated fats like vanaspati and margarine or as key ingredients in making bread, biscuits, cookies, cakes, noodles, frozen dessert, soaps, and cosmetics

Vinay Umarji Ahmedabad

5 min read Last Updated : Jul 11 2022 | 2:27 PM IST

As they respond to falling international prices, Indian edible oil players see lesser impact from the drop amid resurgence in household and industry demand after a tough June quarter (Q1).

Domestic edible oil prices for commodities like packed palm oil, soybean, sunflower, groundnut, and mustard, among others react to international price trends of crude palm oil (CPO), RBD (refined, bleached & deodorised) palm oil, crude degummed soybean oil, and crude sunflower oil. As a result, both international and domestic prices had peaked and remained high since March before beginning to soften in May-June.

Inflationary trends led by edible oil prices

Topics : Stock Market edible oil Edible oil prices Q1 results India oil imports Edible oil market Domestic edible oil Nifty stocks oil stocks

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