Centre revises wheat stock limit 2nd time in 3 months ahead of festivals

TO prevent hoarding and unscrupulous speculation during the upcoming festive season, the Centre has imposed stock limits on wheat for traders, retailers, large chain retailers, and processors across all states and union territories.

- JITENDRA CHOUBEY @ New Delhi

In the latest revision, the central government has reduced the stock limit for traders and wholesalers from 3,000 metric tonnes (MT) to 2,000 MT. For retailers and large chain retailers, the limit has been reduced from 10 MT to 8 MT.

For big retail chains, 8MT will be the maximum stock that can be held at all their retail outlets and depots put together. Additionally, for processors, the stock limit is now set at 60% of their monthly installed capacity, down from the previous limit of 70% of their monthly processing capacity.