Centre Imposes Wheat Stock Limits to Curb Hoarding and Stabilize Prices

The Centre has imposed limits on wheat stocks for wholesalers, retailers, and processors to prevent hoarding and control prices until March 31, 2025. They have ruled out lifting the export ban but may consider reducing import duties if necessary. Wheat production and procurement figures have been revised upward.

In a significant move, the Centre on Monday imposed stock limits on wheat for wholesalers, retailers, and processors. The aim is to prevent hoarding and control prices amidst market speculations.

The stock limits will be valid until March 31, 2025, and are part of a broader strategy that could include reducing import duties to keep retail prices stable.

Union Food Secretary Sanjeev Chopra emphasized that the decision was made to ensure adequate wheat availability and prevent market manipulation.