New Rule: Weekly Wheat Stock Reporting for Traders Begins April 1

The government has mandated weekly reporting of wheat stock by traders, wholesalers, and processors effective April 1. This move aims to bolster food security and curb market speculation. Entities must declare their stocks on a specified portal every Friday, with close oversight to maintain price stability and availability.

The government has introduced a new regulation requiring traders, wholesalers, and processors to report their wheat stocks weekly starting April 1. This action forms part of a broader strategy to enhance food security and mitigate market speculation risks.

According to an official announcement, all legal entities are obligated to declare their wheat stock levels on the government's online portal each Friday until a subsequent notification. The current wheat stock limits are set to conclude on March 31.

The Department of Food and Public Distribution will vigilantly oversee these stock disclosures to stabilize prices and assure steady wheat availability nationwide. Unregistered entities are urged to promptly register and commence their weekly stock reports.

(With inputs from agencies.)