As the domestic edible oil rate rises, the center remains consistent with stocks
Cooked oil prices rise: The government is closely following the supply and pricing of edible oil nationwide due to reported rising retail prices for kitchen staples. The rise in edible oil interest rates urged the public to reduce consumption of goods, part of the country to promote healthier eating habits, following the central government’s call this year.
Food Minister Sanjeev Chopra told Zee Business that the centre is keeping a side of the country’s current stock position while monitoring edible prices and expect fresh imports and mustard sauce to ease supply and lower retail prices.
Meanwhile, the central government is considering steps to ensure retail prices remain within a fair range.
Among other basic commodities, sugar prices are expected to remain stable during the 2025 celebrations, he said. Usually, the family festival season begins in October and ends in January. A healthy season can be seen that in the market, consumers' consumption demand has increased.
This year, sugar production has declined during the current marketing season, with domestic sugar production estimated at 280 LMT during the 2024-25 marketing season. However, according to the Food Minister, it is estimated that sugar production in the country will receive 300 LMT in the next marketing season.
The sugar marketing season is held in India from October to September.
The food minister said there was no discussion on lifting restrictions on sugar exports.
Currently, the government allows a certain amount of sugar to be exported, and each mill is allocated to a fixed threshold on the foreign market.
The government imposed these restrictions to ensure adequate availability and price stability of sugar in the domestic market.
The official also stressed that overall consumption has declined in the domestic market.
