There are no restrictions on the storage of all edible oils and oilseeds in the state.
Mumbai: As per the guidelines of the Central Government, on storage of all edible oils and edible oilseeds under the Essential Commodities Act. Restrictions are in place until March 31, 2022. The state government has to decide on the extent of the stock restriction on the storage of edible oil and oilseeds. According to preliminary discussions with traders in the state, no stock restrictions have been imposed on edible oils and edible oilseeds in the state.
Meetings were held under the chairmanship of the Secretary, Department of Food, Civil Supplies and Consumer Protection, with the officials of the Department of Agriculture and Marketing, as well as with the edible oil traders’ associations, to discuss the extent of stock restrictions on the storage of all edible oils and oilseeds. According to the discussion held in that meeting, a new production of edible oilseeds will come in the next two to three months, so if the stock restriction is imposed, the farmers will suffer. In addition, the country imports large quantities of edible oil, which is not subject to restrictions. At present, edible oil prices are stable. Therefore, it would not be appropriate to impose stock restrictions on domestic edible oil only, a decision was taken in these meetings after detailed discussions.
In this meeting, it has been decided to take action by holding another meeting with the concerned trade association to impose stock restrictions if the price of edible oil rises above 30%. The Department of Food, Civil Supplies and Consumer Protection has informed that no stock restrictions have been imposed on edible oils and edible oilseeds in the State of Maharashtra as per the notification dated October 08, 2021.
