In a landmark decision, the Department of Food and Public Distribution has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. This decision will soften the prices of edible oils in the domestic market. The high prices of edible oil in international market has a substantial impact on the domestic edible oil prices. An importer, being a refiner, miller, extractor, wholesaler or retailer or dealer, if such importer is able to demonstrate that part of his stock in respect of edible oils and edible oilseeds are sourced from imports. It shall be ensured by the States Governments / Union Territory Administrations that Edible Oils and Edible Oilseeds stock is regularly declared and updated on the portal of this Department i.e.

Source: Mint October 10, 2021 08:15 UTC