Govt asks trading firms to import 1.25 lakh tonnes of edible oils

New Delhi, Oct 19 (UNI) In order to check the prices of edible oils during the festival season, the government today asked the public sector firms to import 1.25 lakh tonnes of edible oils during the festive season.

The four state-run trading firm -- State Trading Corporation (STC), Minerals and Metals Trading Corporation (MMTC), Projects and Equipment Corporation of India (PEC), and National Agricultural Cooperative Marketing Federation of India (NAFED) -- have already placed import orders for 38,500 MT of edible oils.

The government also asked NAFED to sell up to 5,000 MT of mustard seeds per day for the next 20 days, an official statement said here.

This is in addition to the crushing of mustard seed for selling the oil in the market which NAFED has been doing at the rate of about 50,000 tonnes per month.

UNI