The companies said it takes about 50 days for the oils to be imported to India, during which they lose their quality and original taste
Firm global cues due to strong demand from China along with talks of increase in import duty in India could keep the prices firm in near term
Barley is trading at Rs 1,595 per quintal in Jaipur market
Though domestic demand is need based, supply scenario is extremely tight due to logistic bottlenecks amid slowdown in transport
Maize is trading at Rs 1,957 per quintal in Nizamabad, refined soy oil is trading at at Rs 898 per 10 kilograms in Indore market
Oil for delivery in September contracts shed Rs 1.40, or 0.22%
According to analysts, restricted supplies from producing regions also affected the price of the commodity