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Cabinet likely to extend stock limits on pulses tomorrow

The Cabinet is likely to consider tomorrow a proposal to extend stock holding limits on traders of pulses, edible oils and oilseeds for one more year to check hoarding and control price rise.

By: | New Delhi | Published: September 20, 2016 10:20 PM
Pulses prices in retail markets are still ruling high due to shortfall in the domestic production in last two years because of drought.  (PTI) Pulses prices in retail markets are still ruling high due to shortfall in the domestic production in last two years because of drought. (PTI)

The Cabinet is likely to consider tomorrow a proposal to extend stock holding limits on traders of pulses, edible oils and oilseeds for one more year to check hoarding and control price rise.

The stock holding limits on traders of these commodities expired this month-end.

“The Food Ministry’s proposal to extend stock holding limit on pulses, edible oils and oilseeds traders is on the agenda of the Cabinet meeting tomorrow,” a source said.

The stock holding limits are imposed under the Essential Commodities Act in order to check hoarding and blackmarketing.

The country is dependent on import of pulses and edible oils as the domestic production is lower than the demand.

Pulses prices in retail markets are still ruling high due to shortfall in the domestic production in last two years because of drought.

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