Food ministry extends time period for stock limits on tur, urad to prevent hoarding
Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! According to the notification, stock limits applicable to each of the pulse individually will be 50 tonne for wholesalers, 5 tonne for retailers, 5 tonne at each retail outlet, and 50 tonne at the depot for big chain retailers, the last one month of production or 10% of annual installed capacity, whichever is higher, for the millers. Importers will not allowed to hold imported stock beyond 30 days from the date of customs clearance.
In January this year, the government had imposed a stock limit on tur and urad to prevent hoarding and unscrupulous speculation and improve affordability to the consumers. “The Department of Consumer Affairs is closely monitoring the stock position of tur and urad through the stock disclosure portal which has been reviewed on a weekly basis with the State government," the statement said.
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