|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Cooking oil prices rise in wholesale markets amid global rally
|
|
Monday, 09 March, 2026, 08 : 00 AM [IST]
|
|
Our Bureau, Mumbai
|
Prices of cooking oils in the wholesale market have risen by up to 5 per cent, driven largely by a surge in international vegetable oil prices and a spike in crude oil rates, industry sources said.
Traders said the increase in domestic prices followed a rally in soybean oil futures in Chicago and palm oil contracts traded in Bursa Malaysia and Indonesia. The global rise in edible oil prices has been influenced by higher crude oil prices, which affect production costs, logistics and overall supply chain expenses in the vegetable oil sector.
In India’s wholesale markets, prices of key edible oils such as palm oil and soybean oil moved higher as import costs increased in line with global benchmarks. Since India imports a significant portion of its edible oil requirements, domestic prices often react quickly to fluctuations in international markets.
Industry experts said the rise in crude oil prices has played a major role in pushing vegetable oil prices upward. Higher crude prices generally increase transportation and shipping costs, which ultimately raise the landed price of imported edible oils. This has resulted in upward pressure on wholesale prices in India.
Traders noted that if global edible oil prices continue to remain firm, domestic markets could see further price volatility in the coming weeks. Rising input costs may also affect food processing companies that depend heavily on vegetable oils for manufacturing snacks, packaged foods and other consumer products.
The increase in wholesale edible oil prices could eventually influence retail prices as well, particularly if international markets remain elevated. Industry stakeholders said the situation will depend largely on the movement of global palm and soybean oil prices and the trend in crude oil markets.
India remains one of the world’s largest importers of edible oils, relying on overseas supplies to meet a large share of domestic demand. As a result, fluctuations in global commodity markets often have a direct impact on local prices of cooking oils across the country.
|
|
|
|
|
|
|
|
|
|