Comments
In a bid to check on unfair practices and to bring transparency in the availability of edible oils, Secretary Food and Public Distribution on Friday had a virtual meeting with state government officials on the new stock disclosure norms.
The Central government has asked states to direct stockists, traders, wholesalers, refiners to make declarations regarding their stocks of edible oils and oilseeds for better monitoring and to deter unfair practices and hoarding. The government believes this will also bring transparency in the availability of edible oils.
In a statement, Food Secretary Sudhanshu Pandey 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 and 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,” an official statement added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.