Currently with a focus on make in India and higher nationalism, as and when consumers will shift towards the organized sector they are likely to opt f
Edible oils like mustard oil, sunflower oil, soyabean oil of the Dhara brand will become cheaper from next week.
The round of import tariff cuts last week would bring down price of a kg of edible oil by Rs 15-20, the government hopes.
It has also asked retailers to prominently display the rates of branded edible oils so that consumers can make choice
Crude soybean oil and sunflower oil attract a 20% agriculture infrastructure and development cess and a 10% social welfare cess
To reduce the dependence on imports, PM Modi announced the NMEO-OP initiative to make India self-sufficient in cooking oils, including palm oil.
The price of all edible oils has risen by 55-70% in the past one year and is expected to dip only during the winter
Adani Wilmar, which sells edible oil under Fortune brand name, said the duty cut wouldn’t help much