Edible Oil Prices Update: Mustard Oil Rises, Palm, Soya, and Sunflower Oil Drop—Check Latest Govt Rates
22/03/2025 (Timesbull) - Pressure has been seen in the international market for palm oil, which has fallen by 4%. The prices of soya and sunflower oil have also dropped by 1%, while mustard oil prices are rising. Palm oil has fallen by 4% in Malaysia over the past week, and soya and sunflower oil prices have also slipped by 1% during the same period. Among all edible oils, only mustard oil prices are increasing. Mustard oil has risen by 4% in the past week. Looking at the movement of edible oils, palm oil prices have decreased by 4%, soya by 1%, sunflower oil by 1%, and mustard oil prices have increased by 4%.
Edible Oil Consumption in India Drops by 5-6%
According to a report by Moneycontrol, Sanvin Group CEO Sandeep Bajoria revealed that edible oil prices have fallen, and demand has also decreased. The rising prices of palm oil have led to a decline in its demand. On the other hand, soybean imports have increased in India.
Sandeep Bajoria further noted that edible oil consumption in India has dropped by 5-6% in recent months. The sharp rise in palm oil prices has significantly reduced its demand. Meanwhile, soybean and sunflower oils are being imported, and mustard is now entering the markets. Purchases from NAFED are awaited. In March, the total import of edible oil was reported at 10 lakh tonnes.