Centre extends validity of stock controls on pulses and edible oils till 30 September 2013

The government today announced an extension of the order restraining traders from holding stocks of pulses, edible oils and edible oilseeds beyond a limit for one more year beyond 30 September 2012, in order to check hoarding and contain price rise.

The validity of stock holding limits order on pulses, edible oils and edible oilseeds, have been extended regularly and was due to expire in the current month.

"The validity of central orders dated 29 September 2011 issued in respect of pulses, edible oils and edible oilseeds to be extended for a further period from 1 October 2012 to 30 September 2013," an official release said.

This will help moderate the prices of these commodities and ensure its availability at fair prices to the general public, the release said.

The control orders will to enable state governments to continue to take effective de-hoarding operations under the Essential Commodities Act, 1955 by fixing stock limits/licensing requirements etc in respect of these commodities, especially in view of rising prices and unsatisfactory monsoon in the prevailing circumstances, it said.

This is expected to help in the efforts being taken to tackle the problem of rising prices, and also improve the availability of these commodities to general public, especially the vulnerable sections, the release added.