Latest news with #Specified
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.
Hindustan Times
29-05-2025
- Business
- Hindustan Times
Union govt eases curbs on wheat stock limits
The Centre on Wednesday eased restrictions on the quantity of wheat traders can store, a move that comes in the wake of plentiful harvests and procurement of the winter staple. Bulk traders can now stock 3,000 tonne of wheat at a time, while retailers can hold up to 10 tonne of the grain, a government notification said. In February, the government had imposed a cap of 260 tonne in case of wholesalers, while retailers were allowed to hold four tonne and these restrictions were due for revision on March 31. The curbs imposed in February on stocks maintained by traders brought changes to existing stock limits at the time. The government has enforced restrictions on stock limits multiple times since the outbreak of the Russia-Ukraine conflict, which had sent cereal prices soaring to multi-year highs. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024 was first issued on 24 June 2024. It was revised on 09 September 2024 and next on 11 December 2024 before new limits were set in February 2025. Lowering stock limits is an administrative measure taken to help boost supplies when prices are high. The Centre has procured nearly 30 million tonnes of wheat till May 22, boosted by a good crop.
