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

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NDDBs Market Intervention Operations in Oilseeds

WE have read with interest the comment 'Vegetable Oils: Swayed by World Bank, (June 3). We are in agreement with several points made by you. For example, groundnut oil being the preferred cooking medium for a large majority of consumers, the groundnut oil price will always lead those of other oils. As such, the price band for mustard oil cannot be the same as the price band for groundnut oil. It is our understanding that the NDDB has made a strong case for having different price bands for mustard oil and groundnut oil. The price band recommended by NDDB for mustard oil is Rs 17,000 to Rs 23,000 per tonne wholesale price inclusive of taxes.

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