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

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 Times
