Emami Agrotech Ltd, the edible oil and food-manufacturing arm of Emami Group passes on the benefits of the drop in global oil prices to its consumers by lowering the MRP on its popular edible oil brands Emami Healthy & Tasty and Himani Best Choice by 35-40% over a period of 12 months since July, 2022 consistently.
The company monitors MRP changes in 1 litre pouches for Healthy & Tasty, Himani Best Choice, and Healthy & Tasty variants, including mustard, soyabean, rice bran, sunflower, soyabean and palmole oils. Commenting on this, Mr. Sudhakar Desai, CEO, Emami Agrotech Ltd said, “Over last one year, the drop in MRP has been in the range of 35-40% which brought the much needed relief to the consumers.”
Edible oil prices soared in 2021-22 due to geopolitical factors like Indonesian ban and Ukraine war, causing higher input and logistic costs. However, since mid-June 2022, prices have fallen in the international market. India reduces import duties from 40% to 5.5%, implementing stock controls and other measures to regulate consumer prices of edible oil.
