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Prices Of Edible Oils Are 62 Per Cent More Expensive Than Last Year - बढ़ी महंगाई: खाद्य तेलों के दामों में लगी आग, पिछले साल के मुकाबले 62 फीसदी महंगे
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Edible oil prices surge to highest level in over a decade. Here’s why
Edible oil prices have significantly increased in the country since last year, according to official retail price data. The Centre recently held a meeting with industry stakeholders to soften the prices as a large portion of the population depends on the commodity. Find out why edible oil prices are rising rapidly.
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UPDATED: May 26, 2021 13:08 IST
High edible oil prices have made life harder for millions of poorer households in the country during the second Covid wave. (Photo: Reuters/Representational image)
Edible oil prices in India have surged to the highest level in over a decade this month, resulting in distress among millions of Indian households. There rise in retail price of edible oils mustard, vanaspati, soya, palm, sunflower and groundnut is a blow to millions of poorer households in the country that have been financially hit during the second Covid-19 wave.
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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
Narendra Modi Govt Decisions to cut down prices of Mustard Oil Refined Oil and other Edible Oils
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