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The limit on wheat stocks held by traders and wholesalers was cut to 500 metric tonnes from the earlier limit of 1,000 tonnes. Big chain retailers can hold 500 metric tonnes of grain at their depot down from 1000 until now while processors can have 60% of monthly installed capacity multiplied by the remaining months till April 2024, down from 70% earlier.
The limit on wheat stocks held by traders and wholesalers was cut to 500 metric tonnes from the earlier limit of 1,000 tonnes. Big chain retailers can hold 500 metric tonnes of grain at their depot down from 1000 until now while processors can have 60% of monthly installed capacity multiplied by the remaining months till April 2024, down from 70% earlier.
The government has taken steps to prevent hoarding and ensure the continuous release of tur and urad in sufficient quantities in the market by enforcing stock-holding limits till the end of the calendar year.
India News: The Indian government has lowered the stock limit for tur and urad dal held by wholesalers and large retailers to 50 tonnes, down from 200 tonnes, in
The Indian government has decided to reduce the stock limit on wheat traders, wholesalers, and big chain retailers from 3,000 tonnes to 2,000 tonnes due to an increase in prices. The government had previously restricted these players to a stock limit of 3,000 tonnes until March 2024. The decision to further reduce the limit was made following a 4% increase in wheat prices on the NCDEX to Rs 2,550 per quintal in the past month.