To control prices of edible oils the government has rationalised import duties on palm oil, sunflower oil and soyabean oil, futures trading in mustard oil on NCDEX has been suspended and stock limits have been imposed.
Regarding the prices of onion, potato and tomato, the all-India average retail prices of potato decreased by 44.77 per cent over the year, the all-India average retail prices of onion decreased by 17.09 per cent over the year, the all-India average retail prices of tomato decreased by 22.83 per cent over the year, the release said.
With the reduction, the effective duty on crude palm oil, crude soyoil and crude sunflower oil will come down to 24.75 per cent whereas effective duty on refined palm oil, soyoil and sunflower oil will be 35.75 per cent.
Bhubaneswar: Amid rising fuel prices, skyrocketing rates of edible oils have dealt a double shock to the consumers in Odisha. The situation has forced the State government to come under intense criticism of the Opposition political parties. According to sources, price of the kitchen essential has become dearer by 60 to 70 per cent in […]