Center asks state officials to ensure relief to consumers on prices of edible oil

In a move to check the unfair practices and bring transparency in the availability of edible oils, Secretary Food and Public Distribution met with state officials on 10 September 2021. The move is expected to bring relief to consumers on prices of edible oil front as the new stock disclosure norms and better monitoring would deter unfair practices and hoarding etc.

In this regard, the center has asked States to take disclosures of stock of edible oilseeds and oils with the millers and stockists to check the unfair practices of any kind and bring transparency in the availability of edible oils.

In an interaction with the media, the Secretary said that the production of oilseeds is expected to increase in the coming Rabi season. This is also expected to bring down the prices of edible oils.

Stockists, Millers are now expected to disclose the stock of edible oilseeds and oils and submit the data on a portal for transparency and better monitoring.

Stockists and Millers would also need to display the prices of edible oil at the premises.