The government took a big decision to control wheat prices, rates may go down from April 1
To enhance food security and prevent market speculation, the Indian government has mandated that, starting April 1, 2025, all wheat traders, wholesalers, retailers, and processors must declare their wheat stock positions every Friday on a designated portal. This requirement follows the expiration of existing stock limits on March 31, 2025. Entities not yet registered on the portal are urged to do so promptly to ensure compliance.
New Delhi:- The government has taken an important decision today to end speculation on wheat prices and to control speculation. The government has announced a new rule for wheat retailers, big traders and processors, under which all of them will have to give information about their wheat stock every Friday from April 1. The government will ensure that the information given by them is correct. The Consumer Affairs Ministry has given this information through a release today.
What information was given
The ministry said in a release that to maintain food security and curb speculation that can cause harm, the government has decided that all the states and union territories’ wholesale and retail traders, big chain retailers and processors will have to declare their wheat stock position on the given portal. This decision will come into effect from April 1 and the stock limit will be announced every Friday.
The ministry said that the wheat stock limit for all categories of institutions in the states and union territories is ending on March 31. After this, the institutions will have to disclose the stock of wheat on the portal. Any institution which is not registered on the portal can register itself after which it can disclose the stock of wheat every Friday. The release said that the Department of Food and Public Distribution is keeping a close watch on the status of wheat stock to prevent speculation, control prices and ensure easy availability in the country.
The release also said that all concerned legal entities will ensure that the stocks are disclosed regularly and correctly on the portal.
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Source : Khabri Express
