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Govt Re-Imposes Stock Limit On Wheat Till Mar 31, 2025 To Control Prices

Govt Re-Imposes Stock Limit On Wheat Till Mar 31, 2025 To Control Prices

BusinessToday.In
BusinessToday.In
  • New Delhi,
  • Jun 24, 2024,
  • Updated Jun 24, 2024, 3:50 PM IST

The government has imposed a stock limit on wheat for wholesalers, retailers and other trade entities with effect from June 24, Food Secretary Sanjeev Chopra said. The stock limit will be in place till Mar 31, 2025. The stock limit on wheat for wholesalers will be at 3,000 tn, while for retailers it will be at 10 tn. For big chain retailers, the stock limit will be at 10 tn per outlet and for processors it will be 70% of their monthly installed capacity. "These stock limits on wheat will be reviewed as per requirement," Chopra said. The above entities have been asked to disclose wheat stock position every Friday on the portal of the Department of Food and Public Distribution. The Secretary however clarified that there is no shortage of wheat in the country, and stock limits have been imposed amid reports of hoarding by traders.

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