Rising edible oil prices may hit new highs in coming days. If the war in the Black sea region does not get contained soon, sunflower oil supply will be further choked up.
Additionally for soybean oil, Drought has hurt the production outlook in key South American growing regions like Brazil, the world's No. 1 soybean grower and shipper.
Current Palm Oil crisis in the Indonesia has created big supply issues for Palm Oil globally.
Domestic edible oil prices have risen 25-40 per cent in the last month
It can lead to heavy inflation in the months to come. Rising inflation is not good for any economy as central bank will have big challenging act of managing growth v/s inflation.
To know more; stay tuned till the end!
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