New Wheat Stock Limits Imposed to Curb Prices and Hoarding

On Wednesday, the government imposed stricter wheat stock limits on wholesalers, small and large retailers, and processors to control prices and prevent hoarding.

The food ministry announced that in an ongoing effort to regulate wheat prices, the central government has chosen to amend the wheat stock limit effective until March 31, 2025.

The central government is implementing measures to regulate wheat prices and is striving to prevent the hoarding of wheat. As part of this effort, the government revised the stock limit for wheat on Wednesday (December 11).

With this revision, the stock limit has been considerably reduced. Wholesale and retail traders are now permitted to store less wheat than before.

Govt Reduces Wheat Stock Limit

The stock limit for wholesale traders has been decreased from 2,000 tonnes to 1,000 tonnes, while for retail traders it has been cut from 10 tonnes to 5 tonnes.

The action will boost the availability of wheat in the market and is anticipated to stabilize prices. At present, wheat planting is in progress, and the new harvest begins arriving in March. This restriction is also effective until March.

The Union Ministry of Consumer Affairs, Food and Public Distribution states that the goal of lowering the stock limit is to deter hoarding, which drives up prices even when there is enough wheat available.

It was said by the government that the institutions storing wheat will have to register on the Wheat Stock Limit Portal (evegoils.nic.in/wsp/login).