budget: Edible oil prices soar; family budgets collapse | Business

May 28, 2021, 06:00AM ISTSource:

Modal prices for edible oils in the country have increased by 25-50 per cent in the past year, this latest twister has left the government in a fix. India reportedly imports 70 per cent of its edible oils from other countries such as Indonesia, Malaysia, Brazil and the USA, and the price surge has originated from these source countries themselves. So why are we facing an edible oil price crisis? Watch this video to find out.

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