New Delhi: To prevent rising prices and hoarding, the central government on Friday fixed the stock limit of all pulses except moong. This limit has been implemented for all wholesalers, retailers, importers and mill owners till 31 October 2021.
An order has been issued in this regard by the Union Ministry of Food and Consumer Affairs, according to which the stock limit of pulses has been implemented with immediate effect.
This stock limit for retailers will be of five tonnes. In case of mill owners, the stock limit will be as per the last three months of production or 25 per cent of annual installed capacity, whichever is higher.
The stock limit of pulses in the case of importers shall be the stock limit of the wholesalers for the stock held or imported before 15th May, 2021.
According to the ministry, if the stock of the entities is more than the prescribed limit, they will have to declare it on the online portal of the Department of Consumer Affairs and bring it within the prescribed limit within 30 days of notification of the order.
< p style="text-align: justify;"The ministry said that there has been a steady increase in the prices of pulses in March-April. The need for immediate policy decisions was felt to give the right signals to the market.