Centre reduces wheat stock limit to 2,000 tonnes for traders, wholesalers, and big-chain retailers

New Delhi: The Centre has reduced the stock limit on wheat to 2,000 tonnes from the existing 3,000 tonnes for traders, wholesalers, and big-chain retailers. It has come into effect from Thursday. Addressing media in New Delhi, Secretary, of Food and Public Distribution  Sanjeev Chopra said that traders, wholesalers, and big-chain retailers will get one month's time till the 12th of October to reduce their wheat stocks limit of three thousand tonnes and meet the revised limit. 

He said, the decision was taken keeping in mind an uptick in wheat prices on the National Commodity and  Derivatives Exchange Limited,



or NCDEX, even though there was sufficient stock of wheat available.

On Sugar stock, Mr Chopra clarified that there is adequate availability of sugar in the country. He said, 85 lakh tonnes of sugar are available in the country which is sufficient to meet the demand for three and half months. Mr Chopra said, there is no shortage of sugar for consumers and also there is no possibility of a rise in the prices of this commodity.

Mr Chopra said, there is adequate availability of Wheat, Rice, Sugar, and edible oils in the country.