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India cuts wheat stock limits for traders to curb hoarding and control prices until March 2025.
The Indian government has reduced wheat stock limits for traders to control prices, lowering the limit from 2,000 to 1,000 metric tons for wholesale traders and from 100 to 50 metric tons for retail traders until March 31, 2025.
Traders must register on a portal and update their stocks weekly, with violators facing legal action.
The move aims to prevent hoarding and ensure wheat availability, as India produced 1,132 lakh metric tons of wheat in 2024.
5 months ago
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