India reduces wheat stock limits for traders and retailers to enhance food security and stabilize prices.

India's government has reduced wheat stock limits for traders and retailers to enhance food security and stabilize prices. Effective until March 31, 2025, the new limit for traders is 2,000 tonnes, down from 3,000 tonnes, while big retailers can stock 10 times the number of their outlets. This measure, part of broader efforts to curb inflation and prevent hoarding, comes as cereal prices rose 0.6% in August, maintaining an annual inflation rate of 7.31%.

September 13, 2024
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