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The Tide Turns

timely. The supply of cheaper soyabean oil will have a restraining effect on prices of edible oils which have developed a hardening tendency recently. Vanaspati industry, the single largest consumer of edible oils, is unlikely to. pay more than Rs 2,900/3,000 per tonne for groundnut oil when it can obtain soyabean oil at the revised prices and there is no quantitative restriction on the use of soyabean oil.

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