Centre Imposes Stock Limits on Wheat to Curb Hoarding and Ensure Food Security
GG News Bureau
New Delhi, 24th June. To safeguard food security and prevent hoarding, the Government of India has imposed stock limits on wheat, effective from June 24, 2024, until March 31, 2025. This directive applies uniformly across all States and Union Territories.
The newly issued “Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024” stipulates the following stock limits for various entities:
Traders/Wholesalers: 3000 MT
Retailers: 10 MT per retail outlet
Big Chain Retailers: 10 MT per outlet and 3000 MT across all depots
Processors: 70% of Monthly Installed Capacity (MIC) multiplied by the remaining months of FY 2024-25
Entities must declare their stock positions and update them regularly on the Department of Food and Public Distribution’s portal. Should any entity possess stock exceeding these limits, they must reduce it to comply within 30 days of this notification.This measure aims to manage the overall food security situation and prevent unscrupulous speculation, ensuring that wheat supplies remain stable and accessible throughout the country.
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