New Delhi: To contain the price rise in edible oils and oilseeds, the states have been asked to implement the Centre’s stock limit order on the commodities without causing any disruption in the supply chain and impacting the trade, an official release said on Wednesday.
The Union Consumer Affairs Ministry on February 3 notified an order extending the stock limits on edible oils and oilseeds for another three months till June 30 this year and also specified the stock limits.
The ministry reviewed the implementation plan of this order in a meeting with all states and UTs on Tuesday.
“During the meeting, it was emphasized that States/UTs authorities may enforce the Stock Limit Order without causing any disruption in the supply chain and also any undue hardship to bonafide trade,” the ministry said in a statement.
“The above measure is expected to curtail any unfair practices like hoarding, black marketing etc. in the market which may lead to any increase in the prices of edible oils,” it said.
The states were also briefed about the current international price scenario and how the Indian market is affected by it, the ministry added.
For edible oils, the stock limit specified is 30 quintals for retailers, 500 quintals for wholesalers, 30 quintals for retail outlets of bulk consumers i.e. big chain retailers and shops and 1,000 quintals for its depots.
Processors of edible oils would be able to stock 90 days of their storage capacities.
For edible oilseeds, the stock limit is 100 quintals for retailers, 2,000 quintals for wholesalers.
Processors of edible oilseeds would be able to stock 90 days production of edible oils as per daily input production capacity.
Exporters and importers have been kept outside the purview of this Order with some caveats.