Centre imposes stock limit on wheat for traders until next March

The Ministry said, “In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has decided to impose stock limits on wheat applicable to traders/wholesaler, retailers, big chain retailers and processors for all States and UTs.”

According to the statement, stock limits will be applicable to each entity individually.

The Centre has imposed a stock limit on wheat for traders, wholesalers and retailers which will be in force until the end of March, 2025, the Union Ministry of Consumer Affairs, Food and Public Distribution said Monday.

In a statement, the Ministry said, “In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has decided to impose stock limits on wheat applicable to traders/wholesaler, retailers, big chain retailers and processors for all States and UTs.”

“The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024 has been issued with immediate effect from today i.e. 24th June 2024 and will be applicable until 31st March 2025 for all States and UTs,” it said.

According to the statement, stock limits will be applicable to each entity individually: trader /wholesaler 3,000 MT; retailer 10 MT for each of the retail outlets; big chain retailer 10 MT for each outlet and 3,000 MT at all their depots; and for processors 70% of monthly installed capacity (MIC) multiplied by remaining months of FY 2024-25.

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