The government has now become active regarding the rising prices of wheat. With the aim of stopping the hoarding of wheat, the government on Monday set a limit for its stock. The government has imposed this limit on wheat storage for retailers, wholesalers, processors and large chain retailers. This step has been taken to stabilize prices and prevent hoarding. Union Food Secretary Sanjeev Chopra said on Monday that single retailers, large chain retailers, processors and wholesalers will disclose the stock of wheat stored with them every Friday.
There is no ban on wheat exports
According to the news, Chopra said that I want to overcome the shortage of wheat in the country. He also said that there is no ban on wheat export right now and there is no proposal to review the ban on sugar export. He said that we want wheat prices to remain stable. Chopra further said that the stock limit for wholesalers will be 3,000 tonnes, while for processors it will be 70 percent of the processing capacity. He said that for large chain retailers this limit will be 10 tonnes per sales center, with a total limit of 3,000 tonnes and for single retailers this limit will be 10 tonnes.
Prices of essential commodities including wheat are rising
Chopra said that the stock limit has been imposed in view of the recent media reports that the prices of essential commodities including wheat are rising. He said that the stock limit has been imposed to reduce hoarding. He said that the initial stock of wheat on April 1, 2023 was 82 lakh tonnes, while on April 1, 2024 it was 75 lakh tonnes. He said that last year 266 lakh tonnes were procured, while this year the government has procured 262 lakh tonnes and the purchase is still going on. Therefore, the shortage of wheat (in the initial stock) is only three lakh tonnes.
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