Govt exempts big retailers from stockholding limits on edible oils, oilseeds
2 years, 1 month ago

Govt exempts big retailers from stockholding limits on edible oils, oilseeds

Live Mint  

With easing edible oil prices in the domestic and international market, the union government on Tuesday exempted wholesalers and big chain retailers from the stock limit order on edible oil and oil seeds with immediate effect. The ministry of consumer affairs, food & public distribution said that the stock limit order was imposed in the country due to increasing prices of edible oils and to check hoarding, profiteering & black marketing. The removal of wholesalers and big chain retailers from the stock limit order would allow them to keep various varieties and brands of edible oils, which they are unable to keep at present due to stock control order,” the ministry said. “Subsequently, the stock limit quantities on edible oils and oilseeds was prescribed uniformly for all states and union Territories and the order was extended upto 30th June, 2022 vide Order dated 3rd February 2022.

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Centre Imposes Stock Limits on Edible Oils to Soften Prices in Domestic Market
3 years, 2 months ago

Centre Imposes Stock Limits on Edible Oils to Soften Prices in Domestic Market

News 18  

The Centre on Sunday imposed stock limits on traders of edible oils and oilseeds, barring importers and exporters, till March 31, in a bid to check rising domestic prices and give relief to consumers. ”The centre’s decision will soften the prices of edible oils in the domestic market, thereby bringing great relief to consumers across the country,” the Food and …

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