Government imposes Ceiling on Wheat Stocks
On 12th June, 2023, the Union Government imposed limits on stock of wheat that can be held by traders, wholesalers, retailers, big chain retailers, and processors.
- The order stood effective with immediate effect until the end of March next year.
Objective
- To stabilise the price of the essential commodity.
- To manage the overall food security and to prevent hoarding and unscrupulous speculation.
Current Permissible Stock Limits
- The permissible stock that traders/wholesalers can hold is 3,000 metric tonnes.
- Retailers and big chain retailers can hold up to 10 metric tonnes at each of their outlets, while the latter can hold up to 3,000 metric ....
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