Prices Of Edible Oils Increased By 30 Percent VS Last Year
Prices of edible oils increased by 30 percent compared to a year ago, cause for concern for the government. The prices of edible oils are continuously increasing.
This increase in the prices of edible oils is not only increasing the cost of the kitchen for the families but is also a cause of concern for the government.
The average prices of all edible oils, including peanuts, mustard, vegetable, sunflower, soybean, and palm, have gone up.
The prices of palm, soybean, and sunflower oil have gone up by 20 to 30 percent from a year ago. This surge in prices has increased the burden on people’s pockets.
According to data from the Price Monitoring Cell of the Ministry of Consumer Affairs, the average price of mustard oil was 120 per liter on Thursday.
At the same time, it was Rs 100 per liter a year ago. Similarly, the average price of vegetable oil has increased to Rs 102.5 per kg, compared to Rs 75.25 per kg a year ago.
The model price of soybean oil is Rs 110 per liter. While a year ago this price was Rs 90 per liter. The prices of palm oil and sunflower oil have also increased in comparison to a year ago.
Earlier, the increase in onion prices had disturbed the public, but now onion prices have come down. This fall in onion prices has been observed due to import of about 30,000 tonnes of onions.
Apart from this, potato prices have also stabilized now, but prices of edible oils continue to rise.
The main reason for the rise in the prices of edible oils is the decline in palm oil production in Malaysia for the last six months.
According to experts, if the government reduces the import duty on palm oil, then palm oil prices may fall and this will have a direct impact on the prices of other edible oils as well.
Amazon behaves like East India Company: Future retail lawyer from High Court
Future Retail Limited (FRL) on Thursday argued before the Delhi High Court that Amazon was misrepresenting its legal rights and did not allow it to ruin its business dealings with the retail arm of Reliance Should be known .
Senior advocate Harish Salve, appearing for FRL, said that the e-commerce giant is behaving like the East India Company and trying to destroy the competition in the market.
Salve said, “Amazon has no investment in FRL.
An American company with a pro rata investment of less than 10 percent is telling me what I should invest in. Reliance wants to buy, but I have to ask Big Brother sitting in America?
