Government on Friday imposed stock limits on tur and chana pulses till September this year to prevent hoarding and control prices. An official statement said that the Center has issued an order imposing stock limits. This order will be applicable to wholesalers, retailers, large chain retailers, millers and importers. The move is aimed at “preventing hoarding and speculation and making tur and chana accessible to consumers”. The order removing license requirements, stock limits and movement restrictions on Specified Food Items (Amendment) Order, 2024 has been implemented with immediate effect from June 21, 2024.
fixed stock limit
Under this order, stock limits have been prescribed for Bengal gram, including tur and chickpea, for all states and union territories till September 30, 2024. The stock limit applicable individually on each pulse will be 200 tonnes for wholesalers, five tonnes for retailers and 200 tonnes at depots for large chain retailers. For mill owners, this limit will be the last three months of production or 25 per cent of the annual installed capacity, whichever is higher.
This rule is for importers
Importers are not supposed to keep imported stock for more than 45 days from the date of customs clearance. The concerned legal entities have to declare the stock position on the portal of the Department of Consumer Affairs. “If they have stock more than the prescribed limit, they have to bring it to the prescribed stock limit by July 12, 2024,” the statement said. The government said that imposing stock limits on tur and gram is a part of the steps taken by it to control the prices of essential commodities. The Department of Consumer Affairs is closely monitoring the stock of pulses through a portal providing information about the stock.
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