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The Economic Times
The Economic Times

Edible oil prices up due to West Asia crisis, but availability 'adequate': Govt tells Parliament

New Delhi: The West Asia crisis has impacted global and domestic edible oil prices, but local availability remains "adequate" as imports from major supplying countries continue through the usual trade routes, the government told Parliament on Wednesday.

In a written reply to the Lok Sabha, Minister of State for Food and Consumer Affairs Nimuben Jayantibhai Bambhaniya said India relies on imports to meet a significant portion of its domestic edible oil requirement. Consequently, domestic edible oil prices are dependent on international market trends.

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