The flour of the poor does not get wet, the government attacks the wheat hoarders

Wheat: Wheat hoarders can no longer soak the flour of the poor. The government has cracked down on wheat hoarders to curb rising flour prices in the retail market. It has tightened the wheat stocking limit for wheat traders, large retailers and processors on Friday 13 September 2024 only. This revised stock limit on wheat comes two months after the stock limit was imposed on June 24, 2024. These restrictions will remain in force in all states and union territories till March 31, 2025. After the government revises the stock limit, action will be taken against the hoarders if they hoard more wheat than the specified amount. Wholesale traders cannot store more than 2,000 tonnes of wheat, according to a government release, as per the amended rules on wheat stocks, traders and wholesalers are allowed to store up to 2,000 tonnes. At the same time, large retail chains can store 10 tonnes of wheat in each outlet and in all depots (10 times the total number of outlets). Earlier, they had no restrictions on stocking wheat depending on the number of points of sale. Stock limit for processors reduced The stock limit for wheat processors has been reduced to 60% of their monthly installed capacity (MIC), a government report said. So far it was 70%. There is no change in the stock limit for individual retailers. They can store up to 10 tonnes of wheat. The government has made it mandatory for all companies to declare their stock status on the website https://evegoils.nic.in/wsp/login of the Department of Food and Public Supplies. Also Read: Gold prices at record highs ahead of weddings and festivals, silver at Rs. 5,200 hike, 15-day extension Central and state authorities will closely monitor the implementation of these stock limits, the statement said. . This will be done so that there is no shortage of synthetic wheat in the country. Those holding more than the limit set by the government have been given 15 days to comply with the new rules. After that the action and monitoring process will start. Also read: Petrol, diesel prices to come down soon, good news by Diwali Government attack on wheat hoarders appeared first on