TIWN
New Delhi, April 14 (TIWN) A week after it appealed to its members to not hoard vegetable oils, the Solvent Extractors Association of India on Wednesday requested the government to upwardly revise the edible oil stock limits for retailers and wholesalers.
Referring to the Centre's order starting April 1, wherein the stock limits imposed on edible oils and oilseeds was extended up to December 31, 2022 in view of the precarious situation in view of the Ukraine-Russia war, the Association has shot off a letter to Secretary, Food & Public Distribution, Sudhanshu Pandey in this regard. The stock limits for edible oils are 30 quintals for retail and 500 quintals for wholesale while the same for oilseeds are 100 quintals and 2,000 quintals, respectively. In both cases, the time for processors is 90 days of storage/production capacity. "You will appreciate that the volumes of both retailers and wholesalers in large metros and semi metros cannot be compared with small cities and sparsely populated areas. This has created an anomalous situation. Further, these days movements from factories to consuming centres are normally in large trucks and tankers of around 30-40 tonne size," Association president Atul Chaturvedi said in the letter.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals