Chart of the Day: Record imports to keep a lid on edible oil prices
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India is a price taker for the commodities it imports. But thanks to enthusiastic domestic traders, the country may enjoy a brief spell of soft or low cooking oil prices. The threat of an El Nino and soft international commodity prices have prompted domestic traders to step up imports in the current marketing year beginning November 2022. So much so, the stock of edible oils at various ports is estimated to have reached record levels, point out analysts at Kotak…
