In order to reduce edible oil inflation, the Indian government recently approved duty-free imports of 20 lakh metric tonnes of crude soyabean oil and crude sunflower oil for this year and 2023-24.
Retail inflation in edible oils and fats was 18.8% in March and 17.3% in April, with imports of sunflower oil restricted due to the ongoing Russia-Ukraine conflict.
Status of edible oil in India –
Consumption pattern –
Demand-supply mismatch –
Steps taken by the government –