Centre imposes stock limit on wheat to curb hoarding, stabilise prices
Centre has imposed a stockholding limit on wheat for retailers, wholesalers, processors and big-chain retailers from Monday, to check the hoarding of the foodgrain and to ensure price stability, a senior official said on Monday.
Single retailers, big-chain retailers, processors and wholesalers will disclose wheat stocks every Friday, said Union Food Secretary Sanjeev Chopra in a press briefing here.
Chopra stressed that "I want to dispel the shortage of wheat in the country." He also noted that there is no ban on wheat exports as of now and there is no proposal to review a ban on export of sugar.
He stated, "We want prices of wheat to be stable."
Chopra further informed that the stock limit for wholesalers will be 3,000 tonnes, while it would be 70 per cent of the processing capacity for processors.
For big chain retailers it would be 10 tonnes per outlet with an overall limit for 3,000 tonnes and for single retailers it would be 10 tonnes, he informed.
Chopra explained that the