Imposing stock limits will create an artificial shortage of edible oils
(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils witnessed a general decline in the Mumbai Oilseeds market today. Prior to the festivals, there were indications that the central government was pressuring the states to impose stock limits to control prices. Such stock limits have been imposed in Uttar Pradesh and there were indications that other states were also moving in this direction. Such stock limits have been imposed in Uttar Pradesh and there are indications that other states are also moving in this direction. This has also caused panic among the traders in the market. Amid fears of stock limits, traders are now keeping less goods and this is likely to lead to a shortage of goods at festivals, said Shankarbhai Thackeray, president of the All India Edible Oil Traders Federation. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 15 today while cottonseed oil was quoted at Rs 1,215. On the Saurashtra side, ...