Connect with:
Friday / October 7. 2022

Login/Logout Subscribe Newsletter E-Magazine

HomeTypesOilseedsCentre chairs meeting with States/UTs to implement Stock Limit Order of edible oils and oilseeds

Centre chairs meeting with States/UTs to implement Stock Limit Order of edible oils and oilseeds

Image credit: Shutterstock

The order aims at regulating storage and distribution of edible oils and oilseeds besides, keeping check over hoarding in the country

Centre has chaired a meeting with States/UTs to implement Stock Limit Order of edible oils and oilseeds. The Government of India has notified an order on February 3, 2022, specifying the stock limit quantities on edible oils and oilseeds upto June 30, 2022 with a view to provide impetus to the various steps taken by the Government to cool the prices of edible oil in the country.

The Stock Limit Order empowers the Union Government and all States/UTs 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. A Meeting was held by the Department of Food & Public Distribution on February 8, 2022, with all States/UTs for discussing the implementation plan of the above order dated 3rd February, 2022.

During the meeting it was emphasised that States/UTs authorities may enforce Stock Limit Quantities Order without causing any disruption in the supply chain and also any undue hardship to bonafide trade.

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 1000 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, 2000 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.

No comments

leave a comment