Major edible oil players cut wholesale prices by Rs 4-7 a litre

India meets more than 60 per cent of its edible oils demand through imports. Any rise in global prices has a direct impact on local prices

To give relief to consumers during the festival season, major edible oil players, including Adani Wilmar and Ruchi Soya Industries, have cut wholesale prices by Rs 4-7 per litre and other companies are also expected to follow the suit, industry body Solvent Extractors Association (SEA) said on Tuesday.

The other players that reduced the wholesale rates of edible oils are Gemini Edibles and Fats India Pvt Ltd (Hyderabad), Modi Naturals (Delhi), Gokul Refoils and Solvent Ltd (Sidhpur), Vijay Solvex Ltd (Alwar) Gokul Agro Resources Ltd and N K Proteins Pvt Ltd (Ahmedabad), it said.

These companies have reduced the wholesale prices after