New Delhi: To check hoarding and check price hike, the Center on Friday… stock limit on everyone pulses Except moong held by wholesalers, retailers, importers and millers till October.
The stock limit has been implemented with immediate effect. An order in this regard has been issued by the Union Ministry of Food and Consumer Affairs.
The ministry said in the order that a stock limit of 200 tonnes has been imposed on wholesalers, provided they do not have more than 200 tonnes of a variety of pulses.
At retailers, the stock limit will be 5 tonnes.
In case of mill owners, the stock limit will be for the last three months of production or 25 per cent of the annual installed capacity, whichever is higher.
Lastly, for importers, the stock limit will be the same as for wholesalers for stocks held/imported before 15th May, 2021.
And for pulses imported after May 15, the stock limit applicable to wholesalers will be applicable after 45 days from the date of customs clearance, the order said.
According to the ministry, if the stock of entities is more than the prescribed limit, they have to be declared on the online portal of the Department of Consumer Affairs and brought within the prescribed limit within 30 days of notification of the order.
The ministry said that there has been a steady increase in the prices of pulses in March-April. The need for an immediate policy decision was felt to give the right signals to the market.
The stock limit has been implemented with immediate effect. An order in this regard has been issued by the Union Ministry of Food and Consumer Affairs.
The ministry said in the order that a stock limit of 200 tonnes has been imposed on wholesalers, provided they do not have more than 200 tonnes of a variety of pulses.
At retailers, the stock limit will be 5 tonnes.
In case of mill owners, the stock limit will be for the last three months of production or 25 per cent of the annual installed capacity, whichever is higher.
Lastly, for importers, the stock limit will be the same as for wholesalers for stocks held/imported before 15th May, 2021.
And for pulses imported after May 15, the stock limit applicable to wholesalers will be applicable after 45 days from the date of customs clearance, the order said.
According to the ministry, if the stock of entities is more than the prescribed limit, they have to be declared on the online portal of the Department of Consumer Affairs and brought within the prescribed limit within 30 days of notification of the order.
The ministry said that there has been a steady increase in the prices of pulses in March-April. The need for an immediate policy decision was felt to give the right signals to the market.
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