New Delhi: With Indonesia re-jigging the export duties, palmolein has become cheaper by up to Rs.3 per kg in India.
Now importing palmolein has become cheaper in India and also a breather for the households who are suffering due to food inflation and increase in cooking gas price.
It also benefits the Indian exchequer that is shelling out Rs 15 as subsidy on every kg sold through ration shops. Cheaper palmolein is welcome relief to lakhs of Indian processed food companies, restaurants, and roadside eateries which use it for frying.
However, this is not going to affect the top brands such as Sundrop, Saffola, Nature Fresh, Dalda and Fortune, which sell mainly soyabean, mustard, groundnut and sunflower oils.
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Palmolein gets cheaper in India
New Delhi: With Indonesia re-jigging the export duties, palmolein has become cheaper by up to Rs.3 per kg in India.
Now importing palmolein has become cheaper in India and also a breather for the households who are suffering due to food inflation and increase in cooking gas price.
It also benefits the Indian exchequer that is shelling out Rs 15 as subsidy on every kg sold through ration shops. Cheaper palmolein is welcome relief to lakhs of Indian processed food companies, restaurants, and roadside eateries which use it for frying.
However, this is not going to affect the top brands such as Sundrop, Saffola, Nature Fresh, Dalda and Fortune, which sell mainly soyabean, mustard, groundnut and sunflower oils.
