Govt imposes stock limit on edible oils and oilseeds
In an effort to further cool down the prices of edible oils, the Central Government has imposed stock limit on edible oils and oilseeds upto 30th June, 2022. In its earlier order, the Government had notified the stock limits upto 31st March this year. However, the quantities of stock limits of oils and oilseeds were left to be decided by the States and UTs on the basis of available stock and consumption pattern.
On review of this Order, it was observed that only six States namely Uttar Pradesh, Karnataka, Himachal Pradesh,Telangana, Rajasthan and Bihar had imposed the stock limit order in pursuance of the Central Order in their State.
Since implementation of stock limits across all States and UTs is necessary to transfer the full benefit of price control to the consumers, the Union Government has specified the quantities of stock limits of edible oils and oilseeds for all States except these six States.
Ministry of Consumer Affairs, Food and Public Distribution in a statement said that the decision would empower the Union Government and all States to regulate storage and distribution of edible oils and oilseeds. This would also help the Government in checking hoarding of edible oils and oilseeds in the country.
For edible oils, the stock limit would be 30 quintals for retailers,500 quintals for wholesalers, 30 quintals for retail outlets of bulk consumers and shops and 1000 quintals for its depots. Processors of edible oils would be able to stock 90 days of their storage capacities.