Government Imposes Stock Limits on Pulses to Tame Prices

The government has set stock limits on tur and chana dals until September 2024 to prevent hoarding and control prices. The limits apply to wholesalers, retailers, big chain retailers, millers, and importers. This move aims to maintain affordability for consumers amidst rising pulse prices.

The government on Friday introduced new stock limits on tur and chana dals, effective until September 2024, in an effort to curb hoarding and stabilize market prices.

In an official statement, the Centre outlined that this measure targets wholesalers, retailers, big chain retailers, millers, and importers, preventing unscrupulous speculation and improving consumer affordability.

Under the revised regulations, stock limits are set at 200 tonnes for wholesalers, 5 tonnes for retailers, and 200 tonnes for big chain retailers depots, while importers have 45 days post-custom clearance to manage stocks. The stakeholders are required to declare stock positions on the Consumer Affairs portal by July 12, 2024.

This initiative is part of broader government efforts, including lowered import duties and increased sowing of pulses, aimed at ensuring stable prices and adequate availability for consumers.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)