The Union Cabinet on Monday approved a proposal to extend the stock holding limits on pulses, edible oils and edible oilseeds till September 30, 2013 to ensure their availability in the market. The validity of the current stock holding order with respect to these commodities is expiring on September 30, 2012. This has been done to prevent hoarding of these commodities by traders and others for speculation as there is already a gap between production and demand of pulses and edible oilseeds.
“This will moderate the prices of these commodities and ensure its availability at fair prices to the general public,” said a government press release. Prices of pulses and edible oils have shown a rising trend in the last six months.
