Relief from inflation, 'stream' of mustard oil will flow, edible oil companies reduced prices so much
Mother Dairy, a cooperative company that sells edible oil under the brand name ‘Dhara’, has reduced the prices of mustard, soybean and sunflower oil. Along with this, other branded oil companies are also going to reduce the prices of their respective brands.
Mother Dairy, a cooperative company that sells edible oil under the brand name ‘Dhara’, has reduced the prices of mustard, soybean and sunflower oil. Along with this, other branded oil companies are also going to reduce the prices of their respective brands.
Dhara became cheaper by Rs 15
Mother Dairy said in a statement that the prices of all categories of oils under the Dhara brand are being reduced by up to Rs 15. This reduction in price will be on MRP. The company is going to reduce the prices of Mustard, Soyabean and Sunflower Oil due to the recent efforts of the government, the decreasing influence of international markets and adequate availability of sunflower oil at domestic level. Mother Dairy made it clear that the reduced prices of mustard oil packets will reach the market soon.
Palm oil also became cheaper
Sudhakar Rao Desai, president of the Indian Vegetable Oil Producers Association, said that the effect of the reduction in oil prices will start reaching the customers immediately. Right now the price of palm oil has fallen by Rs 7-8 per liter. While the price of sunflower and mustard oil has come down by Rs 10-15 per liter. At the same time, soybean oil has become cheaper by Rs 5 a liter.
Fortune oil will also be cheaper
Meanwhile, Angush Malik, managing director of Adani Wilmar, the largest edible oil company, says that the company is going to reduce the MRP of almost all categories of oils under its Fortune brand. Keeping in view the market trend, the packing which is cut in MRP will reach the market by next week.
On the other hand, Hyderabad-based company Gemini Edibles & Fats last week reduced the price of one liter sachet of its Freedom Sunflower Oil by Rs 15 to Rs 220. This week the company is going to cut its price by Rs 20 per liter more.
Sunflower oil supply has increased
In the last few weeks, the supply of sunflower oil in the country has increased from countries like Russia and Argentina. Its effect is being seen in the form of a fall in the price. At the same time, the central government has also reduced the import duty on crude sunflower oil. Whereas domestically, the yield of sunflower seed has been good this time.
