The prices of all edible oil varieties are expected to go up by 20 per cent by Diwali owing to festival demand and tight supply. Generally, consumer demand multiplies during festivals such as Diwali, Dussera and Eid, which continues till the new year. According to the source, the output is likely to decline in Malaysia during the upcoming 2008 season. However, the demand is expected to surge from biodiesel sector and possibly a resumption of the dollar-led upturn in commodity prices. Therefore, we anticipate the prices of all edible oils would look up.
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