States Directed To Ensure Wheat Stock Disclosure To Check Unfair Practices

The central government on June 12 notified stock limits on wheat for wholesalers, traders, retailers, big chain retailers and processors till March 31, 2024.

The Union Food Ministry on Tuesday directed state governments to ensure compliance with the June 12 wheat stock limit order and ensure disclosure of stocks, thereby checking unfair trade practices.

In a virtual meeting with state food secretaries, Food Secretary Sanjeev Chopra asked state governments to obtain disclosures of wheat stock held by wholesalers/traders, retailers, big chain retailers and processors to check the unfair practices and to bring transparency in the availability of wheat.

The central government on June 12 notified stock limits on wheat for wholesalers, traders, retailers, big chain retailers and processors till March 31, 2024. It also decided to offload wheat and rice under Open Market Sale Scheme (OMSS).

"The measures were aimed at cooling down the prices and prevent hoarding and speculation," an official statement said.