Edible oil demand is set to decline at least during March-April as hotels and restaurants have closed down amid nationwide lockdown to fight against coronavirus disease, according to an industry body.
Hotel, Restaurants and Cafeterias (HoReCa) segment accounts for 40 per cent of the country's total edible oil demand at 230 lakh tonnes annually.
Edible oil imports and processing activities have also slowed down, but there is sufficient stock in the country to meet domestic demand, Solvent Extractors' Association of India (SEA) Executive Director B V Mehta told PTI.
"Our monthly consumption of edible oil is 18-19 lakh tonnes per month. The demand