Edible oil prices in India lower by 10-15%

Published 2021년 12월 28일

Tridge summary

The Solvent Extractors’ Association (SEA) of India has encouraged its members to lower the maximum retail price (MRP) of edible oils by 10-15% in order to benefit consumers during the holiday season. Leading edible oil producers such as Adani Wilmar, Ruchi Soya, Emami, Bunge, Gemini, COFCO, Frigorifico Allana, and Gokul Agro have already reduced their prices. The decision was made following a meeting between the SEA and Sudhanshu Pandey, the secretary of the department of food and public distribution, who pointed out the discrepancy between the reduced import duty and the high MRPs on consumer packs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Some of the top edible oil producers have reduced prices of edible oil. Adani Wilmar (Fortune Brands), Ruchi Soya (Mahakosh, Sunrich, Ruchi Gold, Nutrella Brands), Emami (Healthy & Tasty brands), Bunge (Dalda/Gagan/Chambal brands), Gemini (Freedom Sunflower Oil brands), COFCO (Nutrilive brand), Frigorifico Allana (Sunny Brands) and Gokul Agro (Vitalife, Mahek, Zaika brands) among others have reduced the MRP on their respective edible oil brands by 10-15 per cent. The Solvent Extractors’ Association (SEA) of India has claimed that several members of the association have reduced maximum retail price (MRP) on edible oils marketed by them by 10-15% to provide relief to the consumers this festive season. Atul Chaturvedi, president, SEA, said that members responded positively to the appeal made by the association to market edible oils with realistic MRP. Last week, the association had advised its members to market edible oils with realistic MRP that the consumer needs to pay. In a ...

Source: Indoasiancommodities