SEA urges govt to exempt edible oils from Storage Control

Image
Press Trust of India Mumbai
Last Updated : May 09 2017 | 7:13 PM IST
Edible oil industry body Solvent Extractors' Association of India (SEA) today said it has urged the government again to exempt oilseeds and vegetable oils from the Storage Control Order for free market and movement.
"We have been making appeal and representations to the government that in current situation Storage Control Order has become irrelevant and lost its utility," SEA executive director B V Mehta said in a release.
"We have requested the government to exempt the domestic edible oilseed processors or traders from the purview of stock limit for oilseeds and oils," he said.
SEA, Mehta said, has sent a memorandum to Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan to exempt the oilseeds and vegetable oils from the Order for free market and movement.
The government under Storage Control Order 1977, has imposed the stock limit on oil and oilseeds and amended from time to time, the SEA said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 09 2017 | 7:13 PM IST

Next Story