Cooking oil prices to cool as Indonesia lifts export ban1 min read . Updated: 20 May 2022, 06:35 AM IST
- India is in the midst of record-high retail inflation driven by rising prices of food & fuel
Cooking oil prices in the domestic market are set to soften after Indonesia, the world’s largest producer of palm oil, Thursday decided to lift its export ban from next week. A prolonged ban would have doubled prices as India is the largest importer of palm oil from the Southeast Asian country.
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