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Distribute Subsidised Edible Oils Via PDS To Give Relief To Poor From Rising Prices: SEA
Solvent Extractors Association of India (SEA) has also suggested the government to curb speculation in trading of oilseeds and edible oils on the commodity bourses and insisted on compulsory delivery contracts.
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Trade body SEA has suggested the government to distribute edible oils at subsidised prices through the Public Distribution System (PDS), in a bid to give relief to the poor from rising edible oil prices.
Solvent Extractors Association of India (SEA) has also suggested the government to curb speculation in trading of oilseeds and edible oils on the commodity bourses and insisted on compulsory delivery contracts.
Distribute subsidised edible oils via PDS to give relief to poor from rising prices: SEA
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Last Updated: May 25, 2021, 01:32 PM IST
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Synopsis
In a letter written to the Food Secretary Sudhanshu Pandey, SEA President Atul Chaturvedi said: Last few months we have witnessed unprecedented price increase not only in edible oils but in practically all commodities across the world. Reasons for the unprecedented increase have been discussed umpteen times.
However, to tackle the price rise in the short term, the SEA President said the government should subsidise edible oils by Rs 30-40 per kg through PDS.
Trade body SEA has suggested the government to distribute edible oils at subsidised prices through the Public Distribution System (PDS), in a bid to give relief to the poor from rising edible oil prices. Solvent Extractors Association of India (SEA) has also suggested the government to curb speculation in trading of oilseeds and edible oils on the commodity bourses an
May 24, 2021
‘Developments augur well for the oilseed sector’
The Solvent Extractors’ Association (SEA) of India feels that acreage under oilseeds may witness a massive rebound during Kharif.
In a letter to the members of SEA of India on Monday, Atul Chaturvedi, President of SEA of India, said that IMD has forecast a normal monsoon (96 to 104 per cent of LPA) and expected to touch Kerala by May 31.
Stating that this would be the third consecutive year of normal monsoon, he said: “With monsoon likely to be normal and farmers having received very good prices for oilseed, we feel acreage under oilseed may witness a massive rebound during Kharif. Coupled with the new found enthusiasm among farmers, the Government has also launched the much-delayed National Mission on Oilseeds. All these developments augur well for the oilseed sector and would go a long way in working towards Aatmanirbharta.”
Rise in palm oil prices poised to inflate costs
Products using the oil such as chocolates, soaps set to get more costly
The meteoric rise in palm oil prices is poised to inflate costs for everyone from restaurants to confectionery and cosmetic manufacturers, and could potentially change consumption patterns.
The world’s most consumed edible oil has surged more than 120% in the past year and burst through 4,500 ringgit ($1,091) a tonne to a record on Wednesday. The tropical oil, which is found in products as diverse as chocolate, pastries, soaps, lipstick and biofuel, and is widely used in Asian restaurants, has been swept up in the global commodity rally as farm crops soar on weather worries and China’s crop-buying spree.
NEW DELHI: Acting on demand of poultry sector, the Centre has written to states asking them to allow opening of poultry shops with appropriate Covid guidelines during the current lockdown period even as animal welfare groups insisted on not lowering the guards at a time when the move has potential to increase risk during the pandemic.
“I would request you to issue direction to the local administration to open the poultry shop, if not possible for entire period of time but for a particular duration, as considered appropriate following the Covid appropriate guidelines,” said Atul Chaturvedi, secretary, ministry of fisheries, animal husbandry & dairying, in his letter to chief secretaries of all states and Union Territories (UTs).