INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The Centre on Monday imposed a stock limit on wheat as prices have increased by 8% in the last one month
It will also release around 1.5 million metric tonnes (MT) of wheat in the open market from its stock to further cool down prices.Food
secretary Sanjeev Chopra said there are no plans to tweak wheat import policy as ample stock is available in the country
"The ban on wheat export will continue," he added.According to a notification, wholesalers and traders can keep 3,000 MT of wheat at any
Retailers can keep 10 MT.In the case of big retail chains, the stock limit is 10 MT for each outlet and 3,000 MT for all outlets of a
chain.The stock limit will be in place till March 2024
The last time a stock limit was implemented on wheat was in 2008.On June 2 this year, the government had announced a similar move to control
prices of tur and urad dals
production during the current financial year
