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

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STOCK EXCHANGE-Budget Disappoints

for many years. A year ago, on the eve of devaluation, linseed oil was quoted around Rs 3,000 and cantor oil around Rs 2,500. Groundnut "oil had shot up from Rs 4,500 in June last to Rs 5,575 by August, but it is down again around Rs 4,500 per tonne, thanks to large imports of edible oils. , Not very many years ago, India was an important exporter of vege table oils and its groundnut oil and castor oil figured prominently in world markets. But today the country is a net importer of oils, Production of vegetable oils has con- tinued to lag far behind the country's expanding requirements and the gap between supply and demand is reflected in the persistent rise in oilseeds and oil prices in the country. How high Indian prices have risen will be evident from the fact that, against the world price of

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