Olive oil prices to remain stable
VN Dalmia, President, Indian Olive Association has announced that olive oil prices in India would remain stable and, contrary to expectations, would not fall as a result of the Government's reduction of import duties to 7.5% from April 1.
Oil prices held steady Thursday in Asia after jumping to a record near US$124 a barrel as investors captivated by the market's upward momentum seemed to ignore figures showing an increase in US crude and gasoline supplies.