{"id":33896,"date":"2022-04-05T17:15:29","date_gmt":"2022-04-05T11:45:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-edible-oil-price-sea\/"},"modified":"2022-04-05T17:52:18","modified_gmt":"2022-04-05T12:22:18","slug":"biz-edible-oil-price-sea","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-edible-oil-price-sea\/","title":{"rendered":"SEA asks edible oil makers refrain from raising prices"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-551647460\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Amid a sharp rise in prices of edible oils, industry body SEA on Tuesday requested its members to refrain from increasing the maximum retail price (MRP) to avoid inconvenience and provide relief to consumers.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-802962927\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Solvent Extractors Association of India (SEA) President Atul Chaturvedi said in a letter to its members that the country is grappling with very high prices of edible oils and the situation has got further aggravated due to the ongoing Russia-Ukraine standoff.<\/p>\n<p>&#8220;High edible oil inflation, even though it is largely an imported phenomenon, has unnerved policymakers. However, officials feel the high prices may be contributed by hoarding of edible oils and oilseeds by traders, which we feel may not be the case,&#8221; he said.<\/p>\n<p>Stating that these are unusual times, Chaturvedi advised the members to strictly adhere to the stock limits being prescribed under Storage Control Order.<\/p><div class=\"trade-content_5\" id=\"trade-3988813872\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>He also asked the members to &#8220;refrain from raising MRP upwards to avoid inconvenience&#8221;.<\/p>\n<p>Mumbai-based SEA also requested members to ensure the supply chain is maintained smoothly and consumers are not put to any difficulty.<\/p>\n<p>India meets its 60 per cent of its edible oil demand through imports. The government has taken several measures like a cut in import duty, stock holding limits and surprise inspection to check hoarding, among others, to rein in prices. PTI LUX BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-4174524429\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Amid a sharp rise in prices of edible oils, industry body SEA on Tuesday requested its members to refrain from increasing the maximum retail price (MRP) to avoid inconvenience and provide relief to consumers. Solvent Extractors Association of India (SEA) President Atul Chaturvedi said in a letter to its members that the country is grappling [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-33896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEA asks edible oil makers refrain from raising prices - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-edible-oil-price-sea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEA asks edible oil makers refrain from raising prices\" \/>\n<meta property=\"og:description\" content=\"Amid a sharp rise in prices of edible oils, industry body SEA on Tuesday requested its members to refrain from increasing the maximum retail price (MRP) to avoid inconvenience and provide relief to consumers. 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