Govt exempts wholesalers, big retailers from stock limit on edible oil, oilseeds
In a move to further make the edible oil supply chain seamless, the central government has exempted the current stock limit for wholesalers and big chain retailers.
In a move to further make the edible oil supply chain seamless, the central government has exempted the current stock limit for wholesalers and big chain retailers.
In a move to further make the edible oil supply chain seamless, the central government has exempted the current stock limit for wholesalers and big chain retailers.
Ministry of Consumer Affairs, Food & Public Distribution released an official statement on Thursday stating Edible Oil Firms/ Packers /Importers to declare net quantity on edible oil in volume without temperature in addition to declaring the same in weight.
It is the responsibility of the stakeholders to keep updating the data whenever there is an addition or subtraction in the stock, the Ministry said.
The decision was taken following reports from Punjab and Haryana that recent heavy downpours have delayed the maturity of paddy in the state.
Within a week of cutting import duty of crude and processed edible oils, wholesale prices of edible oils reported a decline, said a senior officer of the Ministry of Consumer Affairs
Secretary, Consumer Affairs, Leena Nandan virtually inaugurated the event today which was attended by eminent scientists and experts from across the country.
The Centre is taking several steps to boost supply, still the onion prices are on the upward swing.
