New Delhi: Relief news has come amid concerns about supply disruptions due to the Russo-Ukraine war. On behalf of the edible oil industry, the government has been assured that the supply of sunflower and other edible oils is not interrupted for the next two months. This information was given by the sources.
informed about the fall in oil rates
Let us tell you that India imports sunflower oil in large quantity from Ukraine. The situation of supply of sunflower oil and other edible oils was reviewed in a meeting chaired by Food and Consumer Affairs Minister Piyush Goyal. The ministry was also informed about the declining trend in the rate of edible oil from the industry in the last few days.
Oil price may fall
He said that with the arrival of new mustard crop, the retail price of oil may come down. According to sources, during the meeting, the edible oil industry was told that there is no shortage of sunflower oil. The first consignment of 1.5 lakh tonnes of sunflower oil for March delivery was sent from Ukraine before the war and is expected to arrive soon.
18 lakh tonnes of oil consumed every month
The country consumes 18 lakh tonnes of edible oil every month. The share of sunflower oil in this is 1.5-2 lakh tonnes. Sources said the industry also told the ministry that there is no need to worry as there are alternatives to sunflower oil in the form of mustard and soybean oils in the country. Sources said that with the arrival of a new crop of about 11 lakh tonnes of mustard, the supply will improve in two-three months. India meets more than 60 percent of its oil demand through imports.