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LATEST NEWS UPDATES | Central team finds excess stock of soyabean, mustard in 3 districts of MP -Prabhudatta Mishra

Central team finds excess stock of soyabean, mustard in 3 districts of MP -Prabhudatta Mishra

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published Published on Apr 12, 2022   modified Modified on Apr 13, 2022

-The Hindu Business Line

Seeks taking necessary action as very large hoardings had taken place

The Centre has asked Madhya Pradesh government to “step in to take necessary action” under the Essential Commodities Act after its team found “very large hoardings” of soyabean and mustard seeds in Dewas, Shajapur and Guna districts in excess of the stock limit prescribed under the law.

Stressing the need for effective enforcement of the EC Act by the States is crucial for ensuring adequate availability of edible oils at reasonable prices, the Union Food Ministry said that teams have been deputed to conduct inspections of the stocks held by retailers, wholesalers, big chain retailers and processors in Maharashtra, Rajasthan, Madhya Pradesh, Uttar Pradesh, West Bengal, Telangana, Gujarat and Delhi.

In Maharashtra and Rajasthan, too, the Central team found large quantities of edible oils in excess of the prescribed quantities under Stock Limit order, the ministry said, adding wholesalers and big retail chain outlets were the main violators.

“The State Governments have been requested to take corrective measures in accordance with the relevant sections of the EC Act,” the food ministry said.

Stock limit

On inspections in the States, there was no mention of quantity found in excess of the fixed limit traders can keep at any point of time.

For edible oils, the stock limit is three tonnes for retailers (including supermarket chains) at each outlet, 50 tonnes for wholesalers and 100 tonnes for supermarket chains at depot level. Processors are allowed to stock maximum 90 days of their “storage/production” capacity of edible oils.

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The Hindu Business Line, 12 April, 2022, https://www.thehindubusinessline.com/economy/agri-business/central-team-finds-excess-stock-of-soyabean-mustard-in-3-districts-of-mp/article65313640.ece?fbclid=IwAR2KJaCGdWmi3j5DYhcSueatzWIPJcKmOk2TW7KMO1cD5jpPekayY


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