Edible oil prices, which have increased by 20% to 40% during the past couple of months, are expected to stay firm at least till January despite subdued demand amid the pandemic, mainly due to supply-side disruptions.
The worldwide spread of Covid-19 has achieved a phenomenal stop to action in every single significant economy, mostly the import/export in covid times. WTO has figured worldwide exchange volumes to drop forcefully by 13-32%, which has not been seen before in the cutting edge time. The circumstances are so fluid that to put a number to development projections for 2020-21 isn’t possible with the current scenario.
