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  • Solvent Extractors Association of India (SEA) noted in a latest update , the local edible oil market witnessed huge demand destruction during the months of May and June. However, the month of July has come with better tidings and demand seems to be coming back in edible oils sector and all fears of structural damage to demand now are appearing premature. With festive season round the corner, demand should continue to be robust along with prices. With almost 70% dependence on the world for edible oils, the options with policy makers to counter edible oil inflationary pressure are limited, SEA noted.

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