Centre discusses with stakeholders abnormal rise in edible oil prices, asks for steps to soften rates

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(Representative image)

NEW DELHI: Amid concerns over up to 62 per cent spike in domestic edible oil prices, food secretary Sudhanshu Pandey on Monday discussed in detail the reasons for the “abnormal rise” in local prices, and asked the states and industry stakeholders to take measures to soften the prices.
Pandey also said in the meeting that suggestions offered by the stakeholders in the meeting would help the government to arrive at “wholesome solutions” to ensure edible oils are available at reasonable rates to consumers.
As per the government data, the retail prices of edible oils have risen over 62 per cent in over a year and is adding woes to consumers already reeling under the economic distress induced by the Covid-19 pandemic.
“First-of-its-kind meeting (was) held to discuss ways and means to address the issue of abnormal price increase of edible oil,” an official statement…

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