India lowers wheat stock limits to bring down prices
India has reduced the wheat stock-holding limits for traders and millers to address high wheat prices. Traders can now hold only 1,000 metric tons, down from 2,000 metric tons, and wheat processors can stock only up to 50% of their monthly capacity. This measure aims to improve wheat availability and curb price surges, following record-high prices earlier this month.
Traders can now hold only 1,000 metric tons of wheat, against 2,000 metric tons earlier, the statement said. The government has also tightened stock-holding limits for wheat processors to 50% of their monthly installed capacity.
Wheat crop India has lowered the limit of wheat stocks that traders and millers can hold, the government said on Wednesday, to help boost availability and moderate prices that hit a record high this month. Traders can now hold only 1,000 metric tons of wheat, against 2,000 metric tons earlier, the statement said. The government has also tightened stock-holding limits for wheat processors to 50% of their monthly installed capacity.
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Source : Economic Times
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