To control the rising prices of wheat, the government took a big step and made a major change in the stock limit.

Wheat Stock Limit: To keep wheat prices under control, the Central Government has reviewed and decided to reduce the wheat stock limit. Now traders and millers can keep less stock of wheat than before. The government has taken this step to increase the supply of wheat in the system and eliminate the possibility of hoarding.

The government has taken this step in view of the rise in wheat prices. Giving information about the decision on Wednesday, the Food Ministry said that the government has imposed the stock limit to maintain food security and eliminate the impact on prices due to hoarding and speculation. Which is applicable to food processing traders, wholesalers, retailers, large chain retailers in all the states and union territories of the country.

Stock limit reduced to 1000 metric tons

According to the ministry, the central government has reduced the stock limit to reduce the price of wheat, which will remain in effect till March 31, 2025. The stock limit for traders has been reduced from 2000 MT to 1000 MT. For retailers, the limit has been reduced from 10 MT to 5 MT on a per retail outlet basis. For large chain retailers, the limit on per outlet basis has been reduced from 10 MT to 5 MT (new limit equal to 5 times the number of outlets). The new limit for processors has been reduced from 60 per cent to 50 per cent of monthly installed capacity, which will be determined based on the months remaining till April.

wheat will be cheaper

After this decision of the government, the availability and supply of wheat in the market will increase. So that rising prices can be controlled. Wheat is also likely to become cheaper. Wheat sowing is currently going on and the new crop starts in March. This limit is also till March. However, on the other hand, the government said that there is no shortage of wheat in the country.