Latest news with #RemovalofLicensingRequirements
The Print
29-05-2025
- Business
- The Print
Govt extends stock limits on wheat till March 2026 to check hoarding, ensure food security
The stock limit on wheat has been extended despite a record wheat output of 117.50 million tonnes in the 2024-25 crop year (July-June). The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025, issued on May 27, will remain applicable until March 31, 2026, an official statement said. New Delhi, May 29 (PTI) The government has extended stock limits on wheat for traders, wholesalers, retailers and big chain retailers across the country till March next year to manage food security and prevent hoarding and unscrupulous speculation. Under the new regulations, traders and wholesalers can stock up to 3,000 tonnes of wheat, while retailers are limited to 10 tonnes for each retail outlet. Big chain retailers can hold up to 10 tonnes per retail outlet, subject to a maximum of 10 multiplied by their total number of outlets across all retail outlets and depots combined. Processors are permitted to stock 70 per cent of their Monthly Installed Capacity multiplied by the remaining months of FY 2025-26. All wheat stocking entities must declare and update their stock position every Friday on the wheat stock portal at which will be migrated to in due course. Entities found not registered on the portal or violating stock limits will face punitive action under Sections 6 and 7 of the Essential Commodities Act, 1955. Those holding stocks above prescribed limits must bring them within permissible levels within 15 days of the notification. Central and state government officials will closely monitor enforcement to prevent artificial wheat scarcity. The Centre has procured 298.17 lakh tonnes of wheat through state agencies and Food Corporation of India up to May 27, 2025, sufficient to meet requirements of the Public Distribution System, Open Market Sale Scheme and other market intervention programmes. The Department of Food and Public Distribution is maintaining close watch over wheat stock positions to control prices and ensure easy availability across the country, the statement added. PTI LUX MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Standard
29-05-2025
- Business
- Business Standard
Government imposes wheat stock limits on Traders/Wholesalers, Retailers, Big Chain Retailers and Processors
In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has imposed stock limits on wheat applicable to Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025 is issued on 27 May 2025 and is applicable until 31st March 2026 for all States and Union Territories. The Wheat Stock limits are as under: (i) Traders/Wholesaler: 3000 MT (ii) Retailer: 10 MT for each Retail outlet (iii) Big Chain Retailer: upto 10 MT for each retail outlet subject to maximum quantity of (10 multiplied by total no. of outlets) MT. This will be the maximum stock that can be held at all their retail outlets and depots put together (iv) Processors: 70% of Monthly Installed Capacity (MIC) multiplied by remaining months of FY 2025-26 All wheat stocking entities are required to declare/ update the stock position on every Friday on wheat stock portal.
Time of India
29-05-2025
- Business
- Time of India
Government extends stock limits on wheat till March 2026 to check hoarding, ensure food security
The government has extended stock limits on wheat for traders, wholesalers, retailers and big chain retailers across the country till March next year to manage food security and prevent hoarding and unscrupulous speculation. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025, issued on May 27, will remain applicable until March 31, 2026, an official statement said. The stock limit on wheat has been extended despite a record wheat output of 117.50 million tonnes in the 2024-25 crop year (July-June). Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 5 Gas Turbine Manufacturers Mexico (See The List) Turbines | Search ads Undo Under the new regulations, traders and wholesalers can stock up to 3,000 tonnes of wheat, while retailers are limited to 10 tonnes for each retail outlet. Big chain retailers can hold up to 10 tonnes per retail outlet, subject to a maximum of 10 multiplied by their total number of outlets across all retail outlets and depots combined. Processors are permitted to stock 70 per cent of their Monthly Installed Capacity multiplied by the remaining months of FY 2025-26. Live Events All wheat stocking entities must declare and update their stock position every Friday on the wheat stock portal at which will be migrated to in due course. Entities found not registered on the portal or violating stock limits will face punitive action under Sections 6 and 7 of the Essential Commodities Act, 1955. Those holding stocks above prescribed limits must bring them within permissible levels within 15 days of the notification. Central and state government officials will closely monitor enforcement to prevent artificial wheat scarcity. The Centre has procured 298.17 lakh tonnes of wheat through state agencies and Food Corporation of India up to May 27, 2025, sufficient to meet requirements of the Public Distribution System, Open Market Sale Scheme and other market intervention programmes. The Department of Food and Public Distribution is maintaining close watch over wheat stock positions to control prices and ensure easy availability across the country, the statement added. PTI
India.com
29-05-2025
- Business
- India.com
Centre Imposes Wheat Stock Limits On Traders To keep prices in check
New Delhi: The Centre has imposed stock limits on wheat applicable to wholesale traders and retailers across the country to prevent hoarding and speculation that drives up inflation. "In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has imposed stock limits on wheat applicable to wholesalers, retailers, big chain retailers, and processors in all states and Union Territories,' the Ministry of Consumer Affairs, Food & Public Distribution said on Thursday. The Removal of Licensing Requirements, Stock Limits, and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025, dated May 27, is applicable until March 31, 2026, for all states and Union Territories, a ministry statement said. For wholesale traders, the limit of wheat stock is 3,000 metric tonnes (MT) and for retail traders, the stock limit has been fixed at 10 MT. For bid chain retailers, the stock limit is up to 10 MT for each retail outlet, subject to a maximum quantity of (10 multiplied by the total no. of outlets) MT. This will be the maximum stock that can be held at all their retail outlets and depots put together. In the case of processors, the stock limit for wheat has been fixed at 70 per cent of the monthly installed capacity multiplied by the remaining months of FY 2025-26. All wheat stocking entities are required to declare updates of the stock position on every Friday on wheat stock portal ( which will be migrated in due course of time to Any entity which is found not to have registered on the portal or violates the stock limits will be subject to suitable punitive action under Sections 6 & 7 of the Essential Commodities Act,1955, the order states. In case the stocks held by these entities are higher than the prescribed limit, they will have to bring these to the prescribed stock limits within 15 days of the issue of the notification. Officials of the Central and state governments will be closely monitoring the enforcement of these stock limits to ensure that no artificial scarcity of wheat is created in the country, the statement said. Meanwhile, the Central government has procured 298.17 lakh metric tonnes LMT wheat, as on May 27, through state agencies/FCI, which is sufficient to meet requirements of the public distribution system and other market intervention schemes. The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat to control prices and ensure easy availability in the country, the statement added.
Hans India
29-05-2025
- Business
- Hans India
Centre imposes wheat stock limits on traders to keep prices in check
New Delhi: The Centre has imposed stock limits on wheat applicable to wholesale traders and retailers across the country to prevent hoarding and speculation that drives up inflation. "In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has imposed stock limits on wheat applicable to wholesalers, retailers, big chain retailers, and processors in all states and Union Territories,' the Ministry of Consumer Affairs, Food & Public Distribution said on Thursday. The Removal of Licensing Requirements, Stock Limits, and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2025, dated May 27, is applicable until March 31, 2026, for all states and Union Territories, a ministry statement said. For wholesale traders, the limit of wheat stock is 3,000 metric tonnes (MT) and for retail traders, the stock limit has been fixed at 10 MT. For bid chain retailers, the stock limit is up to 10 MT for each retail outlet, subject to a maximum quantity of (10 multiplied by the total no. of outlets) MT. This will be the maximum stock that can be held at all their retail outlets and depots put together. In the case of processors, the stock limit for wheat has been fixed at 70 per cent of the monthly installed capacity multiplied by the remaining months of FY 2025-26. All wheat stocking entities are required to declare updates of the stock position on every Friday on wheat stock portal ( which will be migrated in due course of time to Any entity which is found not to have registered on the portal or violates the stock limits will be subject to suitable punitive action under Sections 6 & 7 of the Essential Commodities Act,1955, the order states. In case the stocks held by these entities are higher than the prescribed limit, they will have to bring these to the prescribed stock limits within 15 days of the issue of the notification. Officials of the Central and state governments will be closely monitoring the enforcement of these stock limits to ensure that no artificial scarcity of wheat is created in the country, the statement said. Meanwhile, the Central government has procured 298.17 lakh metric tonnes LMT wheat, as on May 27, through state agencies/FCI, which is sufficient to meet requirements of the public distribution system and other market intervention schemes. The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat to control prices and ensure easy availability in the country, the statement added. wheat stock limits, wheat price control, India wheat regulation, Essential Commodities Act, food security India, wheat hoarding prevention
