India’s edible oil market has experienced a dichotomous summer. On the one hand, prices of refined oils, specially Palm fell, and on the other, Mustard oil hit the roof.
This not only created a confusion in the market, but also skewed demand.
With the season round the corner, Palm is experiencing a surge, steadily rising by over 10 rupees over two weeks. This news, though welcome for the trade, as rising prices usually indicate increased demand and lifting, at the same time spells tighter budgets for consumers.
