Cost of key household staple eases in India after year-long volatility ...News

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Cost of key household staple eases in India after year-long volatility
The price of sunflower oil has decreased to $405 per ton, or by 31.52%, since the beginning of this year Sunflower oil, a kitchen cupboard staple in most urban Indian households, has plummeted by as much as 30% in price so far this year following the surge after Russia launched its military operation in neighboring Ukraine last February. India imports 60% of its edible oil, namely sunflower and palm oil. About 13 million tons of India’s total annual edible oil consumption of around 23 million tons are imported, according to data from the country’s Ministry of Agriculture and Farmers Welfare.Of these imports, 90% c

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