 "Edible oil")
As they respond to falling international prices, Indian edible oil players see lesser impact from the drop amid resurgence in household and industry demand after a tough June quarter (Q1).
Domestic edible oil prices for commodities like packed palm oil, soybean, sunflower, groundnut, and mustard, among others react to international price trends of crude palm oil (CPO), RBD (refined, bleached & deodorised) palm oil, crude degummed soybean oil, and crude sunflower oil. As a result, both international and domestic prices had peaked and remained high since March before beginning to soften in May-June.
Inflationary trends led by edible oil prices
