The gap between duty of raw-refined goods in imported edible oils has widened.
- Imports of refined edible oils from overseas increase in such a situation, a blow to domestic refineries The recent trend in the edible oil market in the country has seen a rapid reversal. The mantra of self-reliance is spreading in the country and as a result, the government has started efforts to increase the cultivation of oilseeds in the country and reduce the import of edible oils. Market players are now keeping a close eye on how far such efforts are heading. Meanwhile, prices of various edible oils have been rising in the country recently and the government is keeping an eye on it. The government is also concerned about this issue and has been seen issuing new fatwas on Wednesday to control price rise. Recently the government has raised the weapon of stock limitation. However, according to market insiders, in fact the prices of edible oils in the world market have risen significantly recently and the effect has been seen at home. Palm oil, soyoil oil, sunflower oil vs. domes...