Indian edible oil demand may recover in first quarter next year: Analyst

The director of Indian consumer goods company Godrej International Ltd, added that India needed to raise import taxes on edible oils to boost local oilseed output

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edible oil  | Edible oil market

Reuters  |  Kuala Lumpur 

The report is pinning much hope on domestic supply meeting a significant portion of incremental domestic re­qui­rements
Analyst opine demand in India could return to normal level.

demand in the world's biggest consumer India could return to normal levels in the first quarter of 2021, analyst Dorab Mistry said in a webinar on Friday.

The director of Indian consumer goods company Godrej International Ltd, added that India needed to raise import taxes on edible oils to boost local oilseed output.

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First Published: Fri, June 26 2020. 12:45 IST