In a bid to ensure food security and curb price hikes, the Government of India has imposed stock limits on wheat across the country. This move comes into effect immediately from June 24, 2024 and will remain in place until March 31, 2025.
The new limits apply to traders, wholesalers, retailers, big chain retailers, and processors across all states and union territories.
The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024, outlines the specific limits for each entity:
- Traders/Wholesalers: 3,000 MT (metric tonnes)
- Retailers: 10 MT per individual retail outlet
- Big Chain Retailers: 10 MT per outlet and 3,000 MT for all their depots combined
- Processors: 70% of their monthly installed capacity multiplied by the remaining months in the current financial year (FY 2024-25)
Entities exceeding these limits have 30 days from the notification date to adjust their stock holdings accordingly.
All entities covered under the order are required to declare their wheat stocks and update them regularly on the Department of Food and Public Distribution’s online Wheat Stock Monitoring Portal. Stakeholder can also also view the user manual to the portal to facilitate ease of use.
The government aims to stabilize wheat prices by preventing excessive stockpiling. These measures aim to ensure smooth availability of wheat for consumers throughout the year. Regular stock updates will enhance transparency and enable the government to monitor wheat availability effectively.
