Record Crop Fails to Dampen Prices

Record Crop Fails to Dampen Prices D P Sharma RECORD high prices in a year of record indigenous supply could welt be described as the most outstanding aspect of the edible oils market scene during the current oil year (November-October) which has now two more months to go. Edible oil prices touched their all-time highs in the first week of August. The quotation for groundnut oil in Bombay (wholesale market) was marked up to Rs 37,700 a tonne. The other quotations were: kardi oil Rs 40,500, refined rapeseed oil Rs 31,700, refined cottonseed oil Rs 35,100, refined soybean oil Rs 35,500 and edible grade rice bran oil Rs 29,500. The rise in prices since the beginning of the season ranges from 16 per cent to 27 per cent.