Decision to cut wheat stock limit by 50 percent
11-Dec-2024 04:44 PM
The Central Government has decided to reduce the stock limit on wheat by 50% in a bid to increase supply and control prices in the domestic market. This decision, effective immediately, will remain in place until March 31, 2025. The stock limit cuts apply to various categories:
- Traders and wholesalers: The stock limit is reduced from 2000 metric tons to 1000 metric tons.
- Retailers: The stock limit for individual retail outlets is halved from 10 tons to 5 tons.
- Big chain retailers: The stock limit for each outlet of big chain retailers has been cut from 10 tons to 5 tons.
- Processors: The stock limit for processors, based on their monthly processing capacity, has been reduced from 60% to 50%. The multiplier period has also been extended to April 2025, instead of March 2025.
The government highlighted that the country has seen a significant wheat production of 1132 lakh tonnes during the Rabi season of 2024, ensuring there is no issue with the supply and availability of wheat.
This decision aims to manage market prices and maintain adequate stock availability for consumers. No other rules regarding wheat stock limits have been altered.