Indian Government Reduces Wheat Stock Limits in Dec-23 Amidst Rising Prices

The Indian government has reduced wheat stock limits for traders, wholesalers, and retailers on Dec-23. The revised limits are now set at 1 thousand metric tons (mt) for traders and wholesalers and 5 mt for retailers, effective until March 31, 2024. This decision comes when prices of cereals and pulses are rising, and food inflation remains high, suggesting that the Indian government has and will continue to take measures to stabilize prices.