Record vegetable oil imports hit domestic prices, production dips
NEW DELHI: India experienced an unprecedented surge in vegetable oil imports, setting a record at 167.1 Lakh Tonnes (LT) in November 2022 -October 2023 period. Market analysts attribute this surge, particularly in refined palm oil, to what they view as flawed government policies. Consequently, this surge has adversely affected domestic edible oil production, posing a…
