Palm oil: Distributors resort to panic buying amid surge in prices, fears of shortage - Economic Times


4/29/2022 12:00:00 AM3 yearsago
by Ratna Bhushan and Jayashree Bhosale

India could face a shortage of 300,000 tonnes of cooking oil in May, executives said, adding that the only way to deal with the situation would be to curb consumption. Cooking oil prices have surged by Rs 5-6 per kg in the past three-four days. Prices may go …

New Delhi | Pune: Distributors and traders are buying edible oil stocks in excess from companies, fearing a short- to medium-term shortage amid the ban imposed by Indonesia on the export of palm oil,… [+3382 chars]

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