India government imposes stock limits for pulses to cool rising prices

Published 2021년 7월 3일

Tridge summary

The Indian Centre has imposed stock limits on all pulses, except moong, for wholesalers, retailers, millers, and importers to reduce rising prices. The order, effective from July 2 and valid until October 31, limits wholesalers to 200 tonnes, retailers to 5 tonnes, and millers to the total production in the last three months or 25% of the annual installed capacity, whichever is higher. Maximum stock for importers is 200 tonnes for stocks held before May 15 and the same limit applies after 45 days from the customs clearance for stocks imported after May 15. Exceeding the prescribed limits is to be declared online and brought within the limit within 30 days. The government has also lifted bans on imports of certain pulses and signed agreements with Myanmar, Malawi, and Mozambique for annual imports of urad, tur, and moong, respectively.

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Original content

The Centre on Friday imposed stock limits on all pulses except moong for wholesalers, retailers, millers and importers, to bring down the prices of these items, which have risen in retail markets since March.The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect from July 2.According to the order issued by the food ministry, valid until October 31, wholesalers can keep with them maximum 200 tonne of all pulses, including not more than 100 tonne in one variety. The stock limit for retailers has been fixed at 5 tonne. For millers, the limit is total production during last three months or 25% of annual installed capacity, whichever is higher.Importers are allowed to keep maximum 200 tonne of all pulses, including not more than 100 tonne in one variety (same as for wholesalers), for stocks held/imported before 15th May. However, this same stock limit will be applicable on ...

Source: Financialexpress