India: Government orders mandatory declaration of stock position of wheat

게시됨 2024년 3월 29일

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Starting April 1, 2024, the Government of India has introduced a mandate for all traders, wholesalers, retailers, big chain retailers, and processors across the country to report their wheat stock levels on a designated portal every Friday. This directive from the Ministry of Consumer Affairs, Food & Public Distribution is aimed at enhancing food security, preventing hoarding and speculation, and comes after the expiration of the wheat stock limit on March 31, 2024. This measure, which also applies to rice stock declarations, is designed to allow the Department of Food and Public Distribution to closely monitor stock positions, control prices, and ensure the availability of these essential grains in the market.
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원본 콘텐츠

New Delhi: In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has decided that traders, wholesalers, retailers, big chain retailers and processors in all states and union territories have to declare their stock position of wheat on the portal (https://evegoils.nic.in/wheat/login.html) with effect from April 01, 2024 and then, on every Friday till further orders. All the respective legal entities to ensure that stocks are regularly and correctly disclosed on the portal, Ministry of Consumer Affairs, Food & Public Distribution informed today. Further, the wheat stock limit is expiring on March 31, 2024, for all categories of entities in the states and union territories. Thereafter, the entities have to disclose wheat’s stock on the portal. Rice stock declaration by all categories of entities is already in place. Any entity which is not registered on the portal, may register themselves and start disclosing the ...

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