Traders will have to declare wheat stock every Friday

Mumbai: To prevent hoarding of wheat and maintain overall food security in the country, the government has mandated traders, wholesalers, retailers, processors and large chain retailers to declare wheat stocks every Friday from April 1 and thereafter. Has been made mandatory.

According to the statement issued by the government, this new rule will be applicable to all states and union territories.

The limit of wheat stock is ending after March 31, but after this all concerned will have to provide information about wheat stock on the portal.

The standard for declaring rice stock has already been implemented. Traders, wholesalers, retailers, processors and large chain retailers who are not registered on the portal will have to register.

The Department of Food and Public Distribution is monitoring the stock position of wheat and rice in the country to control prices.

At the beginning of the current month, wheat stocks with the government stood at 97 lakh tonnes, the lowest since 2017. In 2023, the government purchased 2.62 crore tonnes of wheat from local farmers.