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Centre imposes Stock Limits on edible oils to soften the prices of edible oils in the domestic market

-Press Information Bureau/ Ministry of Consumer Affairs, Food & Public Distribution The Department of Food and Public Distribution in a landmark decision has imposed Stock Limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. 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...

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Why the decision to impose Stock Limits on pulses is flawed policy -Sukhpal Singh

-Down to Earth The government’s flip-flop on stockholding limits does not help pulses’ pricing issues The Union government’s decision on July 2, 2021, to impose Stock Limits on pulses till October 31 has once again fuelled the long-held perception that the country’s food policies are not even consistent, let alone being relevant. On June 5, 2020, the Union government issued the Essential Commodities (Amendment) (ECA) Ordinance, 2020, which was later legislated into an...

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200 Plus Days - Farm Laws, Farmers and Food -SG Vombatkere

-TheCitizen.in The Farmers’ agitation starting November 26 2020, was against three Farm Laws. The Essential Commodities Amendment Act, 2020, (ECA Act) is one of them. ECA Act amends the Essential Commodities Act, 1955, (EC Act) enacted “in the interest of the general public, for the control of the production, supply and distribution of, and trade and commerce”, and more precisely, “for controlling the rise in prices or preventing the hoarding of any...

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It’s time to protect the poor and the migrants from rising edible oil prices

In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...

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Odisha’s forest produce gatherers hit hard -Satyasundar Barik

-The Hindu In the pandemic, there aren’t enough buyers and government procurement is delayed For the second year running, forest dwellers across Odisha have been deprived of the right price for the Non-Timber Forest Produce (NTFP) gathered by them. With the COVID-19 pandemic disrupting local economies across the country, the NTFP market in Odisha has also suffered due to the absence of adequate buyers this year. “Last year, when the COVID-19 pandemic surfaced, forest...

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