amid soaring prices of edible oil the ministry of consumer affairs food public distribution said on wednesday that it has held a meeting with all states and union territories uts to discuss the implementation of the measures to curtail any unfair practices like hoarding and black marketing a meeting was held by the department of food public distribution on 08022022 with all statesuts for discussing the implementation plan of the above order dated 3rd february 2022 the ministry said in a statement on 3rd february 2022 the government notified an order specifying the stock limit quantities on edible oils and oilseeds upto 30th june 2022 with a view to providing impetus to the various steps taken by the government to cool the prices of edible oil in the country advt the stock limit order empowers the union government and all statesuts to regulate the 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 during the meeting it was emphasized that statesuts authorities may enforce stock limit quantities order without causing any disruption in the supply chain and also any undue hardship to bonafide trade the ministry of consumer affairs food public distribution said for edible oils the stock limit specified is 30 quintals for retailers 500 quintals for wholesalers 30 quintals for retail outlets of bulk consumers ie 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 caveatsread alsoindias addiction to cooking oil imports seen lasting for yearsfmcg cos create stocks of sunflower oil due to russiaukraine tension in case the stocks held by respective legal entities are higher than the prescribed limits then it has to be declared on the portal of the department of food public distribution and bring it to the prescribed stock limits in this control order within 30 days of the issue of the notification advt statesuts have also been provided the access to this portal for monitoring the disclosed stocks by the entities further the statesuts were advised that the states may regularly monitor the stock limits through the portal 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 the statesuts were also briefed about the current international price scenario and how the indian market is affected by it the ministry said ani published on feb 9 2022 at 0310 pm ist telegram facebook copy link be the first one to comment comment now comments