The Ministry of Consumer Affairs, Food & Public Distribution vide press release dated 10 October, 2021 has declared stock limits on edible oils to soften the prices of edible oils in the domestic market. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect i.e. from 8th September, 2021. Future trading on Mustard Oil and Oilseeds was suspended in NCDEX w.e.f October 08, 2021.
The Center’s decision seeks to soften the prices of edible oils in the domestic market, thereby, bringing great relief to consumers across the country.