Amid growing instability due to the ongoing conflict in the Middle East, edible oil prices are witnessing a steady rise, raising concerns among traders and consumers alike in Odisha. 

According to market sources, the price of a 15-kg pack of palmolein oil, which was previously priced at Rs 2,400, has now increased to Rs 2,495. Similar trends have been observed in other edible oil categories as well. Grade-1 mustard oil prices have climbed from Rs 180 to Rs 200 per litre, while sunflower oil prices have also risen sharply and touched the Rs 180 mark.

Members of the traders’ association stated that the primary reason behind the price hike is the increase in import duties, which has directly impacted the cost of edible oils. They argued that the burden of higher import charges is being passed on to the market, ultimately affecting both businesses and consumers.

The association has appealed to the government to reduce import duties and initiate discussions with stakeholders to find a long-term solution. Traders emphasised that government support and timely intervention are necessary to stabilise prices and prevent further disruptions.

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The rise in edible oil prices has also reportedly begun affecting the transportation and supply chain of essential commodities. Traders warned that increasing costs are creating operational difficulties and may eventually impact the smooth delivery of goods to dealer points and retail markets.

Expressing concern over the situation, the traders’ federation cautioned that if the government does not take immediate steps, ensuring an uninterrupted supply could become increasingly difficult. They further urged authorities to adopt proactive measures to prevent such crises in the future and ensure market stability.

“The required quantity of edible oil for India is not being imported adequately, which is one of the key reasons behind the price rise. Another major factor is the strengthening of the US dollar against the Indian rupee, making imports more expensive. Importers of edible oil should regularly report the landing cost to the government. The government must also issue clear guidelines regarding the pricing of edible oil in the open market,” said Odisha Traders’ Federation General Secretary Sudhakar Panda.