MUMBAI, 21 Jun (Commoditiescontrol): In a significant move to prevent hoarding and ensure the availability of pulses, the government on Friday imposed the stock limit. This means wholesalers, retailers, big chain retailers, millers, and importers cannot keep pulses more than the specified limit.
For wholesalers, the maximum stock limit for each type of pulse is set at 200 metric tons (MT). Retailers, on the other hand, are restricted to holding 5 MT of each pulse. Big chain retailers are permitted to hold up to 5 MT at each retail outlet and 200 MT at their depots.
Millers have been given a specific limit based on their production capacity. They can hold stocks equivalent to either the last three months of production or 25% of their annual installed capacity, whichever is higher. This measure is designed to prevent excessive stockpiling while ensuring millers can continue their operations smoothly.
Importers face a stringent regulation with a 45-day limit to hold imported stock from the date of Customs clearance. This rule aims to discourage importers from hoarding large quantities of pulses, thereby stabilizing market supply and prices.
These stock limits are part of the government’s broader strategy to control inflation and maintain adequate supply in the market. By setting these caps, the government aims to prevent artificial shortages and price spikes, ensuring that pulses remain accessible and affordable for consumers across the country.
The new regulations reflect the government’s commitment to stabilizing the pulses market and supporting both producers and consumers. With these measures, it is expected that the market will see a reduction in hoarding practices, leading to more stable prices and better availability of essential food items.
As the government continues to monitor the situation, further adjustments may be made to these stock limits to address any emerging challenges and ensure the smooth functioning of the market.
The latest development is on expected line. In April, the government asked private big chain retailers to declare their stocks of pulses twice a week, as weekly for other entities. It made weekly stock disclosure of all pulses, including imported yellow peas, mandatory to prevent hoarding amid suspicion that large quantities of imported pulses were being concealed in custom warehouses.
Prices of pulses have been rising for over a year now. Tur and chana have shot up in key wholesale markets. In the retail market, the all-India average price of tur dal has increased 26% on-year while price of chana rose 18% on year.
(By Commoditiescontrol Bureau; +91 98201 3018)
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