Price rise: Cabinet extends stock limits on pulses, edible oils, oilseeds

Zee Media Bureau

New Delhi: The Cabinet on Wednesday extended the stock holding limits on pulses, edible oils and oilseeds by one year till September 30, 2017.

The stock holding limits on traders of these commodities expired this month-end.

The stock holding limits are imposed under the Essential Commodities Act in order to check hoarding and blackmarketing.

The country is dependent on import of pulses and edible oils as the domestic production is lower than the demand. Pulses prices in retail markets are still ruling high due to shortfall in the domestic production in last two years because of drought.