India records 132 LMT Wheat production during Rabi 2024
To ensure food security and prevent hoarding, the Government of India has imposed revised stock limits on wheat for traders, wholesalers, retailers, big chain retailers, and processors, effective until March 2025. Traders and wholesalers are now limited to 1,000 MT, while retailers and big chain retailers face reduced limits. Processors can stock 50% of their monthly capacity. Entities must register on the wheat stock limit portal and update stock every Friday, with penalties for non-compliance under the Essential Commodities Act, 1955.
In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government has imposed stock limits on Wheat applicable to Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories.
Government of India keeps a close watch on the prices of wheat and takes suitable appropriate interventions to ensure price stability for the consumers in the country. A total production of 1132 LMT of wheat was recorded during Rabi 2024 and there is ample availability of wheat in the country.
In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India imposed stock limits on Wheat applicable to Traders/Wholesalers, Retailers, Big Chain Retailers and Processors in all States and Union Territories. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2024 was issued on 24 June 2024 and revised on 09 September 2024 and was applicable for all States and Union Territories.
As part of continuous efforts to moderate prices of wheat, Central Government has decided to revise the Wheat Stock limit applicable until 31st March 2025 as under:
| Entities | Existing Wheat Stock Limit | Revised Wheat Stock Limit |
| Trader/ Wholesaler | 2000 MT | 1000 MT |
| Retailer | 10 MT for each Retail outlet. | 5 MT for each Retail outlet. |
| Big Chain Retailer | 10 MT for each outlet and (10* total number of outlets) MT at all their depot. | 5 MT for each outlet subject to maximum quantity of (5 multiplied by total number of outlets) MT stock at all their outlets & Depots put together. |
| Processor | 60% of Monthly Installed Capacity (MIC) multiplied by remaining months of FY 2024-25. | 50% of Monthly Installed Capacity (MIC) multiplied by remaining months till April 2025. |
All wheat stocking entities are required to register on the wheat stock limit portal (https://evegoils.nic.in/wsp/login) and update the stock position on every Friday. Any entity which is found to have not registered on the portal or violates the stock limits will be subject to suitable punitive action under Section 6 & 7 of Essential Commodities Act,1955.
In case the stocks held by above entities are higher than the above prescribed limit, they shall have to bring the same to the prescribed stock limits within 15 days of issue of the notification.
The Department of Food and Public Distribution is maintaining a close watch over the stock position of Wheat to control prices and ensure easy
availability in the country.
To read more about Wheat News continue reading Agriinsite.com
Source : Agrospectrum India
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