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In a bid to ensure ample availability of wheat and stabilize prices, the Indian government has announced a reduction in the stock limit that traders and wholesalers can hold. According to a statement released on Thursday, the previous limit of 1,000 metric tons has now been lowered to 500 metric tons.
Centre Revises Wheat Stock Limit for Wholesalers, Retailers & Processors pragativadi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pragativadi.com Daily Mail and Mail on Sunday newspapers.
The limit on wheat stocks held by traders and wholesalers was cut to 500 metric tonnes from the earlier limit of 1,000 tonnes. Big chain retailers can hold 500 metric tonnes of grain at their depot down from 1000 until now while processors can have 60% of monthly installed capacity multiplied by the remaining months till April 2024, down from 70% earlier.