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Palm and soy prices surge as Indians turn to mustard oil for relief

Economy
Published on 7 May 2026
Palm and soy prices surge as Indians turn to mustard oil for relief

Imported cooking oils are getting hit hardest by the rupee

India is shifting toward mustard oil as global prices of palm and soybean oils climb. Conflict-driven supply disruptions in West Asia and rising biofuel demand are raising costs, and a weakening rupee makes imported oils even more expensive. At the same time, record domestic mustard production supports the switch, easing availability for consumers.

  • Global palm and soy oil prices are rising, boosting cooking costs
  • West Asia conflict and biofuel demand are key price drivers
  • A depreciating rupee makes imported oils costlier in India
  • Record mustard production supports the move toward mustard oil
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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