The Food and Public Distribution Department will meet all states on October 25 to examine efforts taken by them in executing its stock limit order on edible oil, as prices continue to climb and the festival season approaches.
The government is closely monitoring prices and availability to customers as a result of heightened demand for the commodity as a result of the festival season and has previously issued a stock disclosure notification to prevent hoarding across the country. The Centre has built an online site to monitor the edible oils supply in all states every week, in addition to issuing a notification requesting stock disclosure from states.
The Food Secretary, Sudhanshu Pandey, has written to all states, informing them of various efforts taken to reduce rising edible oil costs and provide public assistance. The discussion with states on Monday is also a step toward ensuring that enough edible oils are available as the festival season develops. The Centre has built an online site to monitor the edible oils supply in all states every week, in addition to issuing a notification requesting stock disclosure from states.
States have the option of using the prior stock limit when submitting data to the portal because edible oil demands and consumption vary from state to state. Investors have also been told not to keep more than two months’ worth of inventory on hand.