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Govt imposes stock limits on pulses to contain spiralling prices Pulses
Image: Arispeter via Pixabay

Govt imposes stock limits on pulses to contain spiralling prices

India Blooms News Service | @indiablooms | 03 Jun 2023, 12:43 am

New Delhi: In a bid to crack down on hoarders and keep prices of pulses in check, the government on Friday imposed stock limits on tur and urad dals applicable to wholesalers, retailers, big chain retailers, millers and importers.

Ministry of Consumer Affairs, Food & Public Distribution in a media release said that imposition of stock limits on tur and urad to be effective with immediate effect till 31st October

"The decision is another step taken by the Government to crackdown on prices of essential commodities," it said.

The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2023 has been issued with immediate effect.

Under this order, stock limits have been prescribed for tur and urad for all states and Union Territories (UTs).

Stock limits applicable to each of the pulse individually will be 200 metric tonnes (MT) for wholesalers; 5 MT for retailers; 5 MT at each retail outlet and 200 MT at depot for big chain retailers; last 3 months of production or 25% of annual installed capacity, whichever is higher, for the millers.

"In respect of importers, the importers are not to hold imported stock beyond 30 days from the date of Customs clearance," the Ministry said.