22/09/2011 (Geo Television Network) - Owing to a fall in the international palm oil prices the price of 16 liter canister has reduced by Rs25 in Karachi wholesale market, Geo News reported.

Farid Qureshi, General Secretary Karachi Retail Grocers Group, told Geo News that wholesale price of 16 liter reduced from Rs2,485 to Rs2,460, adding this change would pass on to the retailers by tomorrow.

Palm oil in international trade has come down to $976 a tonne.