India government imposes stock limits for pulses to cool rising prices
Other Pea & Pulse
India
Published Jul 3, 2021
Tridge summary
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.
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.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 importers after 45 days from date of customs clearance for stocks imported after May 15.“If the stocks of entities exceed the prescribed limits, they have to be declared on the online portal (fcainfoweb.nic.in) of Department of Consumer Affairs and have to be brought within the prescribed limit within 30 days of the notification of this order,” the official statement said. ...
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