AIRLINK 67.30 Increased By ▲ 2.10 (3.22%)
BOP 5.48 Decreased By ▼ -0.09 (-1.62%)
CNERGY 4.53 Decreased By ▼ -0.03 (-0.66%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 68.80 Decreased By ▼ -1.16 (-1.66%)
FCCL 19.88 Decreased By ▼ -0.42 (-2.07%)
FFBL 30.43 Increased By ▲ 1.32 (4.53%)
FFL 9.86 Increased By ▲ 0.03 (0.31%)
GGL 10.00 Decreased By ▼ -0.01 (-0.1%)
HBL 114.25 No Change ▼ 0.00 (0%)
HUBC 130.99 Increased By ▲ 1.89 (1.46%)
HUMNL 6.76 Increased By ▲ 0.05 (0.75%)
KEL 4.41 Decreased By ▼ -0.03 (-0.68%)
KOSM 4.82 Decreased By ▼ -0.07 (-1.43%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 132.71 Increased By ▲ 0.41 (0.31%)
PAEL 22.40 Decreased By ▼ -0.14 (-0.62%)
PIAA 25.56 Decreased By ▼ -0.33 (-1.27%)
PIBTL 6.63 Increased By ▲ 0.03 (0.45%)
PPL 112.81 Decreased By ▼ -0.04 (-0.04%)
PRL 29.49 Increased By ▲ 0.08 (0.27%)
PTC 14.84 Decreased By ▼ -0.40 (-2.62%)
SEARL 57.81 Increased By ▲ 0.78 (1.37%)
SNGP 65.54 Decreased By ▼ -0.91 (-1.37%)
SSGC 10.92 Decreased By ▼ -0.06 (-0.55%)
TELE 8.90 Increased By ▲ 0.10 (1.14%)
TPLP 11.56 Decreased By ▼ -0.14 (-1.2%)
TRG 68.57 Decreased By ▼ -0.05 (-0.07%)
UNITY 23.59 Increased By ▲ 0.19 (0.81%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,355 Increased By 59.6 (0.82%)
BR30 23,964 Increased By 109.9 (0.46%)
KSE100 70,680 Increased By 389.7 (0.55%)
KSE30 23,282 Increased By 110.5 (0.48%)

MUMBAI: India has imposed limits on oilseeds and edible oils stocks that traders and processors can hold in an attempt to check hoarding and arrest rising prices, the government said in a statement.

For edible oils, the limit would be three tonnes for retailers and 50 tonnes for wholesaler and it would be applicable until June 30, it said. Oilseed processors could hold stocks up to 90 days of their daily production capacity.

India is the world’s biggest importer of edible oils and prices of cooking oils have risen sharply because of a rally in global prices.

While India buys palm oil from Indonesia and Malaysia, it mainly imports soyoil from Argentina and Brazil and sunflower oil from Russia and Ukraine.

Comments

Comments are closed.