Govt imposes stock holding limits on wheat to check hoarding, price rise
In a move to check wheat price rise and hoarding, the Centre on Monday imposed stock holding limits on traders, wholesalers, retailers and processors with immediate effect.
The restrictions will remain in force until March 31, 2025, across all states and Union Territories.
Under the new rules, retail outlets and individual stores of big chain retailers are allowed to stock up to 10 tonnes of wheat, an official statement said.
Traders, wholesalers, and large depots of big chain retailers face a cap of 3,000 tonnes each.
For processors, the limit is set at 70 per cent of their monthly installed capacity (MIC) multiplied by the remaining months of the 2024-25 fiscal.
The government has mandated all entities to declare their stock position and regularly update it on the Department of Food and Public Distribution's portal (https://evegoils.nic.in/wsp/login). Those holding stocks exceeding the prescribed limits have been given a 30-day window to comply with the new norms.
The decision