Center says UP government has notified stock limit on edible oils and many states are ready

PTI, New Delhi

Published by: Amit Mandal
Monday, 25 October 2021 10:26 PM Updated to IST

Summary

Although edible oil prices in the country have reached record levels, there are no indications that they will come under control so far. Meanwhile, the Food Secretary said that nine states / UTs have confirmed that they have started the process of determining the stock limits.

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Efforts are underway to keep a check on rising edible oil prices during the festive season. The Center on Monday said it has notified the edible oils stock limits in Uttar Pradesh and some other states will soon follow suit. Food Secretary Sudhanshu Pandey reviewed the Edible Oils stock limit position during a virtual meeting with representatives of various states on Monday.

The conference was attended by 23 states
About 23 states participated in the conference, Sudhanshu Pandey said. UP has already announced stock limits for various categories such as retailers, wholesalers, bulk consumers and refiners. The Uttar Pradesh government has imposed a stock limit of 1-25 tonnes on various shareholders and announced this on October 12.

These states determine the stock limit
He said Rajasthan, Gujarat and Haryana were in the final stages of notifying stock limits for edible oils. According to the Food Secretary, nine other states / UTs have confirmed that they have begun the process of determining stock limits. These states are Maharashtra, Odisha, Kerala, Jharkhand, Chhattisgarh, Andhra Pradesh, Tamil Nadu, Tripura and Chandigarh.
The rest of the states have also begun the process of determining stock limits. Pandey said states have been imposing stock limits on edible oils / oilseeds since 2018, so it took some time.

The Secretary, who described the meeting very positively, said that in the next few days we hope that most states will issue stock limit orders in view of consumer sensitivity and implement them as well. He said that the states themselves understood the importance of this issue and hence were following it very strictly.

Expansion

Efforts are underway to keep a check on rising edible oil prices during the festive season. The Center on Monday said it had notified the edible oils stock limits in Uttar Pradesh and some other states would soon follow suit. Food Secretary Sudhanshu Pandey reviewed the Edible Oils stock limit position during a virtual meeting with representatives of various states on Monday.

The conference was attended by 23 states

About 23 states participated in the conference, Sudhanshu Pandey said. UP has already informed stock limits to various categories such as retailers, wholesalers, bulk consumers and refiners. The Uttar Pradesh government has imposed a stock limit of 1-25 tonnes on various shareholders and announced this on October 12.

These states determine the stock limit

He said Rajasthan, Gujarat and Haryana were in the final stages of notifying stock limits for edible oils. According to the Food Secretary, nine other states / UTs have confirmed that they have begun the process of determining stock limits. These states are Maharashtra, Odisha, Kerala, Jharkhand, Chhattisgarh, Andhra Pradesh, Tamil Nadu, Tripura and Chandigarh.

The rest of the states have also begun the process of determining stock limits. Pandey said states have been imposing stock limits on edible oils / oilseeds since 2018, so it took some time.

The Secretary, who described the meeting very positively, said that in the next few days we hope that most states will issue stock limit orders keeping in view the sensitivity of consumers and implement them as well. He said the states themselves understood the importance of this issue and were therefore following it very strictly.

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