Centre imposes stock limit on wheat until March 31, 2025 in all States and UTs
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/wholesalers, retailers, Big Chain Retailers and processors in all States and Union Territories. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024 has been issued with immediate effect from June 24, 2024 and will be applicable until March 31, 2025 for all States and Union Territories.
Stock limits will be applicable to each entity individually, such as Traders/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 depots, and Processors - 70% of Monthly Installed Capacity (MIC) multiplied by remaining months of 2024-25. The respective legal entities, as above, will have to declare the stock position and update them regularly on the portal (https://evegoils.nic.in/wsp/login) of the Department of Food and Public Distribution. In case the stock held by them is higher than the prescribed limit, they have to reduce the same to the prescribed stock limits within 30 days of issue of this notification, informed an official communique.
Source: Exim News Service: New Delhi, June 25