Centre Further Reduces Stock Limit Amid "Uptick In Wheat Prices"

Three months back on June 12, the government had imposed a stock limit of 3,000 tonnes on these wheat players till March 2024.

The government on Thursday further reduced the stock limit on wheat traders, wholesalers and big chain retailers to 2,000 tonnes from 3,000 tonnes with immediate effect amid uptick in prices.

Announcing the decision, Food Secretary Sanjeev Chopra said: "Keeping in view of recent uptick in the prices, we have had a review of the stock limits and effective today the stock limit on traders, wholesalers and big chain retailers stand reduced to 2000 tonne."

Three months back on June 12, the government had imposed a stock limit of 3,000 tonnes on these wheat players till March 2024.