ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Textile Industry-Self-Made Crisis

22.16 lakh tonnes against 21.76 lakh tonnes, On the basis of these data the supply shortfall in edible oils for the household sector works out at 7,26 lakh tonnes for 1976-77 against 1.38 lakh tonnes in 1975-76. The estimate of shortfall for 1976-77 may be considered to be on the high side. The rise postulated over the last year's level of demand is unlikely to materialise not only because of the high level of oil prices but because of the sharp rise in the general price level during the past one year (12 per cent). For these reasons too, the demand from the soap industry is also unlikely to show a rise. VMA's assumption, of the quantity of domestic and imported oils that needs to be diverted to vanaspati can be questioned and a case can be made for curbing the diversion. Even after taking such factors into account, it would appear that the supply gap is much larger than that of 1975-76, in the second half of which consumers groaned over edible oil prices.

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