File Photo
Edible oil prices are set to soften in the April-June quarter as China has imposed an additional tariff of 10% over and above the 25% import duty on soya bean imports from the US. The move has led to a decline of $50 per tonne in global soya oil prices in the past three days and has put pressure on other oils such as sunflower and palm oil, whose prices have dropped too.
Source: Online/OFA
Comment Now