Edible oil prices fall 20% in certain categories

New Delhi: Prices of edible oil are showing a declining trend across a wide array of oils, the Food and Consumer Affairs Ministry said on Wednesday.

As per the data from the Department of Consumer Affairs, the prices of edible oils are now coming down over the past month, and in some cases, the decline is by as much as nearly 20 per cent, as shown in prices in Mumbai. It said the price of palm oil was Rs 142 per kg on May 7 but has come down to Rs 115 per kg, a drop of 19 per cent, and of sunflower oil, which was Rs 188 per kg on May 5, is now at Rs 157 per kg, a drop of 16 per cent.

The price of soya oil was Rs 162 per kg on May 20, but has dropped 15 per cent to Rs 138 per kg in Mumbai, while mustard oil, which was Rs 175 per kg on May 16, is now down to Rs 157 per kg, a drop of nearly 10 per cent.