Hoarding of seeds have pushed up the prices of soybean oil
Inspections have revealed very large hoardings of soybean and mustard seeds in the Dewas, Shajapur and Guna districts of Madhya Pradesh. These seeds were much above the stock limit prescribed by the government. Hoarding of seeds have pushed up the prices of soybean oil. The State Government has been asked to step in to take necessary action under the EC Act, 1955.
In Maharashtra and Rajasthan, large quantities of edible oils were found more than the prescribed quantities of the control order. Wholesalers and big chain retail outlets were the main violators. The state governments have been requested to take corrective measures as per the relevant sections of the EC Act.
Inspection is ongoing in the remaining five states. The state governments of Maharashtra, Madhya Pradesh and Rajasthan have also been requested to ensure that the supply chain is not affected while taking action under EC Act.
