Visakhapatnam: Increased demand for quality edible oil in Andhra Pradesh coupled with reduced imports due to disruption in the supply chain network for oil export from Malaysia and Ukraine has led to a steep rise in the price of imported oils, according to edible oil distributors.
Currently, edible oil in the open market is selling for Rs 130-145 a litre. Only last year, in the corresponding period, a litre of oil would cost between Rs 85-100. Edible oil prices had started rising since the lockdown with prices touching Rs 100-110 per litre then.
Padmaja Abburu, a homemaker said, “I bought a litre of sunflower oil for Rs 130 this month from a grocery store where I am a regular. The shopkeeper said that oil prices had risen.”
Speaking to STOI, Venkata Hemanth, proprietor of Vijayawada-based Sri Haranath Oil Traders, said that oil prices have increased due to a slowdown in import of palm and sunflower oils. However, there has been no impact on domestic oils such as groundnut and rice bran, he said.
According to sources in the edible oil industry, imports of edible oil have come down by 5-10% due to the Covid-19 outbreak. India needs around 23-25 million tonnes of edible oil per annum to meet its domestic demand. The country imports nearly 65-70% of its edible oil from other countries.
According to Andhra Pradesh state Covid control special officer Dr C Prabhakar Reddy, edible oils which have low polyunsaturated fatty acid are good for health.

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