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Edible oils price surging.
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https://www.livemint.com/news/india/after-onion...
After onions, the prices of edible oils have started surging as the bio-fuel programmes in Malaysia and Indonesia have increased the consumption of palm oil in those countries leading to a spike in its price. India, which is a big importer, will also be hit as it will have to pay more putting extra burden on the consumer.
Crude palm oil has witnessed a more than 26% rise in its price in the last two months.
Mustard prices soared to ₹300 per quintal and soyabean rates jumped to around ₹400 per quintal.
