Prices of edible oils have shot up across the world: Piyush Goyal


New Delhi, Mar 25 (IANS): Commerce and Industry Minister Piyush Goyal on Friday informed the Rajya Sabha that the prices of edible oils have shot up all across the world because of many factors including the war in Ukraine.

Responding to a question on the impact of the Ukraine war on the import of sunflower oil in India, he said that sunflower oil constitutes only a smaller proportion in India's overall edible oil basket.

Since it was being imported from Ukraine before the war broke out between Russia and Ukraine, the government is now examining the possibility of importing it from other countries too.

Goyal congratulated India's farmers for increased mustard crop sowing this year and said that this will reduce the country's dependence on import of edible oil. He called this an opportunity for India to encourage farmers to diversify their crops to include edible oil seeds and pulses.

Replying to a question asked by DMK member P Wilson about people who left their businesses in Ukraine and returned to India after the war broke out, the Minister said that so far no one has approached the ministry complaining about their business being dislocated due to the war.

Although, business being done in a foreign land is an independent activity and the government will not be able to intervene in such matters, it is in talks with the importers and exporters who have been impacted by this situation and measures have been taken to ensure payments come on time, he said.

 

  

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Comment on this article

  • Akil, Udupi/Bengaluru

    Fri, Mar 25 2022

    Ek Joot Chupane Ke Liye Aur Ek Joot... Lekin Kab Thak??? Sach Saamne Aahi Jayega!!!

    DisAgree Agree [5] Reply Report Abuse

  • Moshu, Mangaluru

    Fri, Mar 25 2022

    He is ignorant over rest A-Z items...

    DisAgree Agree [7] Reply Report Abuse

  • real kujuma, kodial

    Fri, Mar 25 2022

    they have shot up because most of the godowns of these oils are owned by your party supporting marwadis and gujjus...they know very well to artificially raise the price and then pay a percentage to your party fund...

    DisAgree [2] Agree [16] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Fri, Mar 25 2022

    Nobody is happy with this answer. Government should have made arrangements of keeping enough stock and reserves of edible oil when the news of war came . I think that time all top ministers were busy in 5 state Assembly elections. We need educated and literate persons to administrate,. Same mistake Government did, when there was a news of war in Ukrain may come, Government should have bring back all our students from Ukraine before the war. That time also failed. Busy with 5 state elections.

    DisAgree [1] Agree [20] Reply Report Abuse

  • Dinesh, Dubai

    Fri, Mar 25 2022

    What happened to Feku's Atmanir burrrrrrrrrrrrrrrrrr.......!!!!! It only sounds like feku's fart

    DisAgree [1] Agree [18] Reply Report Abuse

  • Rajesh, Mulki

    Fri, Mar 25 2022

    ATMa nirbhar in division of society . Only the rich are not feeling any pinch. For them life is as usual as it was. We middle class and poor class are fully busy in what print and electronic media is feeding us. We fight among ourselves in the games which are designed by someone whose family and children are not a part. The games are Dharma, sanskriti and deshbhakti. The game masters sit and enjoy. Their children are in some western country living a happy life .

    DisAgree Agree [1] Reply Report Abuse


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