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Govt revises stock limits on wheat applicable in all States until March 31
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Wednesday, 18 December, 2024, 08 : 00 AM [IST]
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Ashwani Maindola, New Delhi
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The Government of India has revised the stock limits on wheat applicable to traders/wholesalers, retailers, big chain retailers and processors in all States and Union Territories which shall be applicable until March 31, 2025.
For processors, the stock limit was set at 50% of Monthly Installed Capacity (MIC) multiplied by remaining months till April 2025. The previous limit was 60%.
According to Government estimate, a total production of 1,132 LMT of wheat was recorded during Rabi 2024 and there is ample availability of wheat in the country.
A Government statement says that to maintain price stability, the government has taken the decision to revise the stock limit wherein for trader/ wholesaler the limit was reduced to 1000 MT from 2000 MT, for retailers, the limit was set at 5 MT reduced from 10 MT each retail outlet while for big retail chains the revised limit is 5 MT for each outlet subject to maximum quantity of (5 multiplied by total number of outlets) MT stock at all their outlets & depots put together.
All wheat stocking entities were asked to register on the wheat stock limit portal and update the stock position on every Friday.
"Any entity which is found to have not registered on the portal or violates the stock limits will be subject to suitable punitive action under Section 6 & 7 of Essential Commodities Act, 1955," reads the statement by the Ministry of Consumer Affairs, Food and Public Distribution.
The statement adds that in case the stocks held by entities are higher than the prescribed limit, they shall have to bring the same to the prescribed stock limits within 15 days of issue of the notification.
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