-The Hindu Business Line Goyal meets industry associations to assess demand-supply situation, alternative plans Representatives of India’s edible oil industry met Commerce and Food Minister Piyush Goyal on Friday to discuss ways to check the galloping prices of the cooking medium as disruption of supplies of sunflower oil due to the on-going Russia-Ukraine conflict threatens to make the situation worse. The meeting, called a day after the Union Food Secretary’s discussion with industry...

-TelanganaToday.com Hyderabad: Prices of cooking oil are on an upwards spiral and have gained up to Rs 25 more per litre. The trade segments attribute the increase in prices to the tightening supplies of sunflower and safflower oils, both called as sun oils, to the Russia-Ukraine war. Also, palm oil Imports are getting costlier due to the internal trade restrictions of Indonesia, the biggest producer of palm oil. On the other hand,...

-NDTV.com The Indian economy faces a potential threat of stagflation from the ongoing Russia-Ukraine war, driven by trade disruptions and rising oil prices. The Indian economy faces a potential threat of stagflation from the ongoing Russia-Ukraine war, driven by trade disruptions and rising oil prices which will push already high inflation further up, which will hurt growth prospects. Gross Domestic Data released on Monday showed the economy slowed in the October-December quarter, even...

-News18.com Edible oil prices have been climbing unabated globally and in India since the onset of the pandemic. Here's why the Russia-Ukraine War could further drive up cooking oil prices in India Cooking oil price to increase: Prices of cooking oil are set to soar in India as a result of the ongoing crisis between the two top producers and exporters of sunflower oil — Russia and Ukraine. A war between the...

-Business Standard A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said The ongoing geopolitical crisis between Russia and Ukraine will impact Asian economies, but the impact will be polarized across the region, said analysts at Nomura in a recent report. The negative impact on Asia, they believe, is predominantly...