Q2 profitability under stress on lower edible oil prices, says Adani Wilmar

India’s Adani Wilmar said on Thursday its profitability for the quarter ended September 2023 remained under stress due to lower edible oil prices.

Edible oil prices fell by more than 50% over less than a year this August, potentially spurring more imports in a country that is set to start the 2023/24 marketing year with record inventories.

Adani Wilmar, which makes the Fortune brand of cooking oil, said sales volume for edible oils…