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Govt makes declaration of wheat stock position mandatory
Photo Courtesy: Unsplash

Govt makes declaration of wheat stock position mandatory

| @indiablooms | 30 Mar 2024, 12:13 am

New Delhi: The Centre on Friday said that traders/wholesalers, retailers, big chain retailers, and processors in all states and Union Territories have to declare their stock position of wheat.

The measure is aimed to “manage the overall food security and to prevent hoarding and unscrupulous speculation,” the Ministry of Consumer Affairs, Food & Public Distribution said in a statement.

The declaration on the stock position of wheat can be given on the portal ( from 01.04.2024 and then, on every Friday till further orders, it said.

All the respective legal entities have to ensure that stocks are regularly and correctly disclosed on the portal.

Further, the Wheat Stock Limit is expiring on 31.03.2024 for all categories of entities in States and UTs.

Rice stock declaration by all categories of entities is already in place, the ministry said.

Any entity, not registered on the Portal, may register themselves and start disclosing the wheat and rice stock every Friday.

“Now, all legal entities have to declare their Wheat and Rice stock on the portal regularly,” the ministry added.

“The Department of Food and Public Distribution is maintaining a close watch over the stock position of wheat and Rice to control prices and ensure easy availability in the country,” read the statement.

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