Crucial govt meeting today to discuss unabated rise in edible oil prices

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New Delhi: The sporadic rise in the prices of edible oil are including to the woes of customers already reeling beneath the financial misery induced by the COVID-19 pandemic.

The authorities has taken a few steps to comprise the rise in edible oils prices in the final ten days. It is in the wake of the unabated rise in edible oil prices Food Secretary Sudhanshu Pandey goes to maintain a vital meeting today (Monday, May 24), sources advised Zee Media.

Soybean oil prices have been offered in retail between Rs 70 and Rs 80 per kg until a yr in the past. However, after the spike in prices Soybean oil had to be offered for upto Rs 90 a kg in retail markets. Soybean oil prices began rising through the first lockdown in 2020 in the wake of COVID-19. The edible oil broke all inflationary data, with prices touching between Rs 165  and Rs 170 kg in retail market.

All the massive officers from NAFED MD to Secretary stage will likely be current in the digital meeting. Senior officers of state governments may be current. Food and Agriculture Secretaries of these states which have main manufacturing of soya and oilseeds can even attend the meeting. Food and Agriculture Secretaries of Madhya Pradesh, Maharashtra, Gujarat, Karnataka, Uttar Pradesh, Tamil Nadu and Rajasthan might attend the meeting.

Among the most important agenda of the meeting will likely be dialogue on levying agriculture infrastructure and improvement cess on imported oil. Guidelines associated to inventory limits may be issued for millers, stockists and merchants concerned in oil buying and selling.

States might be instructed to management edible oil prices utilizing the Essential Commodities Act.

The on-line meeting is predicted to happen at 3pm today.

Live TV

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