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Soybean oil prices may drop soon: Commerce secretary

Published : Sunday, 26 June, 2022 at 3:53 PM  Count : 371

Soybean oil prices may drop soon: Commerce secretary

Soybean oil prices may drop soon: Commerce secretary



The price of soybean oil in the country is likely to come down soon as the price of crude soybean oil has started declining in the international market, said Tapan Kanti Ghosh, senior secretary of the Commerce Ministry.

"The owners of the refineries will be called soon to adjust the prices," he came up with the disclosure after a meeting with World Trade Organization (WTO) on Sunday.

He said, "It is not sure yet how much the prices will drop. Though, the dollar rates have recently increased, the price of soybean oil will definitely come down in the country."

If the oil price adjusts, it will be informed, Tapan Kanti Ghosh added.

TF





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