Curbing spike in prices: Govt mulls imposing stock holding limit for wheat
Financial Express Mumbai|February 13, 2023
THE GOVERNMENT IS exploring options like imposing stock holding limit for wheat and releasing additional quantities of the grain over and above the 3 million tonne (mt) already approved for the open market sale from the Food Corporation of India (FCI) stocks to curb a spike in retail prices.
SANDIP DAS
Curbing spike in prices: Govt mulls imposing stock holding limit for wheat

Besides, the government will continue with the ban on wheat exports imposed last year till the end of the 2023-24 marketing season (April-June).

It will also scale up procurement operations to ensure that the grain stocks remain at a comfortable level through the coming summer.

"We will take all possible measures in the next few weeks to prevent any spike in domestic prices of wheat and flour," a food ministry official told FE.

The aim is to bring down wheat prices, prior to commencement of Minimum Support Price (MSP) purchase by FCI and state agencies from April 1.

This story is from the February 13, 2023 edition of Financial Express Mumbai.

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This story is from the February 13, 2023 edition of Financial Express Mumbai.

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