AreaIndia

Commodity GroupGrains

CommodityWheat

Date08/02/2024

Policy CategoryStocks

Policy InstrumentStocks policy

DescriptionAnnounced revised limits on the maximum permitted levels of wheat stock that can be maintained by traders and wholesalers, big chain retailers, and processors. For traders and wholesalers, the new wheat stock limit is 500 tonnes (half the previous level). For big chain retailers, while the stock limit remains unchanged at five metric tonnes per retail outlet, the stock maintained at their depot is now limited to 500 metric tonnes (half the previously allowed amount). Processors can keep stocks equal to 60 percent of their monthly installed capacity multiplied by the months remaining until April 2024 (previously 70 percent of monthly installed capacity multiplied by the remaining months of 2023/24).