Wilmar chief pushes India to 60% edible oil self-sufficiency as retail prices jump 20-25%
AWL Agribusiness parent Wilmar International is calling for India to target 50-60% edible oil self-sufficiency, against current 60% import dependence. Retail cooking oil prices have surged 20-25% in four months on biofuel-driven global scarcity, squeezing Fortune-brand maker AWL and triggering a 10% consumption cut.
Wilmar chairman urges India to target 50-60% edible oil self-sufficiency. Retail cooking oil prices up 20-25% in four months amid biofuel-driven global scarcity. AWL (Fortune brand), India's largest palm oil processor, faces sustained high input costs.