Traders Oppose 'Early' Stock Limits on Wheat

THE PROCESSORS AND traders of wheat have flayed the government's move to impose stock holding limits for the grain despite a robust production and procurement.

- SANDIP DAS

"We were not expecting stock holding limits so early as this year; there is record output and the government's procurement has been quite significant," Navneet Chitlangia, president, Roller Flour Millers Federation of India, told FE.

Several traders said harvesting of crops has just completed and procurement of wheat is being undertaken by the government agencies in Rajasthan and Uttar Pradesh while there are sufficient supplies in the market.