Government Mandates Weekly Wheat Stock Reporting

The government has implemented a weekly reporting requirement for wheat stocks among traders, wholesalers, retailers, and processors across states. This strategy aims to ensure food security and curb market speculation. Entities must disclose stock positions weekly via the government's portal starting April 1.

The government has instituted a mandatory weekly wheat stock reporting system for traders, wholesalers, retailers, and processors nationwide, effective April 1. This initiative is part of a broader strategy to maintain food security and deter market speculation.

According to an official statement, all legal entities are required to declare their wheat stock levels on the government's online platform every Friday, as the current stock limit expires on March 31.

The Department of Food and Public Distribution will rigorously monitor these reports to stabilize prices and ensure that wheat remains consistently available in the market. Unregistered entities are urged to register and comply with the new reporting requirements without delay.

(With inputs from agencies.)