Government orders mandatory declaration of stock position of wheat

Government orders mandatory declaration of stock position of wheat

New Delhi: In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has decided that traders, wholesalers, retailers, big chain retailers and processors in all states and union territories have to declare their stock position of wheat on the portal ( with effect from April 01, 2024 and then, on every Friday till further orders. All the respective legal entities to ensure that stocks are regularly and correctly disclosed on the portal, Ministry of Consumer Affairs, Food & Public Distribution informed today.

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Further, the wheat stock limit is expiring on March 31, 2024, for all categories of entities in the states and union territories. Thereafter, the entities have to disclose wheat’s stock on the portal. Rice stock declaration by all categories of entities is already in place. Any entity which is not registered on the portal, may register themselves and start disclosing the wheat and rice stock every Friday. Now, all legal entities have to declare their wheat and rice stocks on the portal regularly, the ministry further said.

The Department of Food and Public Distribution, Government of India, is maintaining a close watch over the stock position of wheat and rice to control prices and ensure easy availability in the country, the ministry informed.

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