2024-06-25 04:55:20
New Delhi: To stop wheat costs from rising, to stop hoarding and to make sure value stability, the Centre has imposed inventory holding limits for wholesale merchants and retailers. A senior official has given this info on Monday. Union Meals Secretary Sanjeev Chopra informed a press convention that single retailers, giant retailers, processors and wholesale merchants should declare their wheat inventory each Friday. He harassed that he desires to dispel the rumours of wheat scarcity within the nation. He stated that there isn’t any ban on wheat exports as of now and there may be additionally no proposal to assessment the ban on sugar exports.
This would be the inventory restrict
He stated, he desires wheat costs to stay steady. He additional stated that the inventory restrict for wholesale merchants can be 3,000 tonnes, whereas for processors it will likely be 70 p.c of their processing capability. On the identical time, for big chain retailers, it will likely be 10 tonnes per store and the whole restrict can be 3,000 tonnes. On the identical time, for single retailers it will likely be 10 tonnes.
So a restrict was imposed
He stated that the inventory restrict has been imposed in view of the current media studies, which say that the costs of important commodities together with wheat have elevated. He stated that the inventory restrict has been imposed to cut back hoarding. He additionally stated that there are various instruments to observe retail costs and inventory restrict is a kind of instruments.
Wheat procurement remains to be happening
He additionally knowledgeable that the opening inventory of wheat on April 1, 2023 was 82 lakh tonnes (LMT), whereas on April 1, 2024, it was 75 LMT. He additional knowledgeable that final yr 266 LMT was procured, whereas this yr the federal government has procured 262 LMT and the procurement remains to be happening. So the scarcity of wheat (within the opening inventory) is simply 3 lakh tonnes.