New Delhi: Massive differences in daily wholesale prices are reported, following the central decision to cut the standard task level on oil that can be eaten a week ago to check prices, the Ministry of Consumer Affairs, said Food & Public Distribution on Friday.
Daily wholesale prices packed palm oil fell 2.50 percent followed by sea oil by 2.08 percent, coconut oil by 1.72 percent, packed peanut oil by 1.38 percent, packaged solar oil by 1.30 percent oil Mustard was packaged by 0.97 percent, packaged by Vanaspati by 0.71 percent and packed soybean oil by 0.68 percent, according to the release by the ministry.
“Based on the interaction with all the states and edible oil industry associations, the need for greater transparency is felt.
As a follow-up action, the Department of Food and Public Distribution is in the process of making web portals to monitor oil stocks / oil seeds that can be eaten every edible Sunday in this country, “read the release.
Data on the portal will be sent by Miller, Refiners, Stockists and Wholesalers etc.
The state has also issued a direction for the display of prominent retail prices to ensure fair prices.
The Indian Government, Videotif Notification, September 10, further reduces the standard rates of crude palm oil, raw soybean oil and raw sunflower oil to 2.5 percent and the level of enhanced tasks, soybean oil and processed solar oil is refined to 32 , 5 percent with the effect of September 11.
Wholesale daily vegetable oil prices drop significantly: government
