India has enough edible oil to tide over Indonesian crisis for now: Govt

Centre is monitoring prices regularly; has formed special teams to check hoarding

The government has expressed the hope that India has adequate stocks of edible oils with it to tide over the immediate crisis emerging from Indonesia’s ban on palm oil exports.

In a statement released on Sunday, the government said that the country has around 2.1 million tonnes of edible oils in stocks at present while another 1.2 million tonnes is in transit from exporting nations expected to arrive in May.

This as per independent assessments should be good enough to cover around three months of domestic requirement as India per month on an average consumes something in between 1.0-1.1 million tonnes