EP1148 – Why is Edible Oil Burning a hole in your pocket? | India Development Debate
18 JUNE 2021 10:46 IST | ET NOW | 14 MIN 39 SEC
The prices of six edible oils have seen a steep rise over the past one year. India, the world’s top importer of vegetable oil, may have to spend more on increasing imports this year. How much edible oil do Indians consume? What domestic and global factors have caused this inflation? Why is the government in a fix over spiralling edible oil prices and what is the way forward? Tamanna Inamdar, Senior Editor at ET NOW finds out all this and more on the India Development Debate with Sudhakar Rao Desai, CEO, Emami Agrotech & President of Indian Vegetable Oil Producers Association (IVPA) and Shankar Thakkar, National President, The Federation of All India Edible Oil Traders.