In order to check the hoarding of the foodgrain and to ensure price stability, the government has imposed stockholding limit on wheat for retailers, wholesalers, processors and big-chain retailers from June 24, 2024. Single retailers, big-chain retailers, processors and wholesalers will disclose wheat stocks every Friday.
The stock limit for wholesalers will be 3,000 tonnes, while it would be 70 per cent of the processing capacity for processors. For big chain retailers it would be 10 tonnes per outlet with an overall limit for 3,000 tonnes and for single retailers it would be 10 tonnes.
The opening stock of wheat was 82 lakh metric tonnes (LMT) on April 1, 2023 while it was 75 LMT on April 1, 2024. 266 LMT was procured last year, while this year the government has procured 262 LMT and procurement is still on. Therefore, the shortage of wheat (in the opening stock) is just 3 LMT.
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