Patanjali Foods, AWL Agri Shares Decline Up to 2% Following PM Modi's Call for Edible Oil Conservation

India's Edible Oil and Agri-Processing Stocks Decline Amid PM Modi's Advisory

Shares of edible oil and agri-processing companies traded in the red on Monday after Prime Minister Narendra Modi called on households to reduce edible oil consumption, lower dependence on imports, and adopt more sustainable consumption habits as part of a broader push to protect India's foreign exchange reserves.

Shares of Patanjali Foods were trading at Rs 455.30, down Rs 6.30 or 1.36%, while AWL Agri Business fell 1.86% to Rs 202.93 in Monday's trade.

Addressing a public meeting in Hyderabad on Sunday, Modi stressed the need to reduce dependence on imported commodities and said cutting edible oil consumption could support both household health and the national economy. The Prime Minister highlighted the burden of fertiliser imports and urged farmers to reduce dependence on chemical inputs.

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Modi's statements came as part of an economic self-defence strategy to frame the current global economic uncertainty as a test of national responsibility. He called on citizens to rethink everyday consumption choices and urged them to cut petrol and diesel usage by using metros, public transport, car-pooling, rail freight, and electric vehicles wherever possible.