India will not extend stock holding limits for wheat, requiring traders, wholesalers, and retailers to declare weekly stock positions from April 1.
India will not extend stock holding limits for wheat beyond March 31, but traders, wholesalers, and retailers will be required to declare their stock position weekly via an official portal starting from April 1. The government aims to manage overall food security and prevent hoarding and unscrupulous speculations. The decision was made in anticipation of a robust harvest and heightened procurement.
March 29, 2024
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