Industries’ Cut Down On Edible Oil Prices
The Government directs the edible oil industry to cut down on the maximum retail price (MRP) of their products. Union food secretary Sanjeev Chopra presided over this meeting on the prices of edible oils attended by representatives of SEA and Indian Vegetable Oil Producers’ Association (IVPA).
Though it takes time to reflect in the retail markets and prices, most companies in the past few months have reduced their MRPs on edible oils and many others will also reduce prices shortly following an advisory by the Solvent Extraction Association of India (SEA).
Read More on: The Times Of India