The Indian government has indefinitely extended the requirement for the wheat industry to declare their stock positions, which was initially set to expire on March 31. Traders, wholesalers, retailers, and processors are mandated to declare their stocks on a portal every Friday starting from April 1 until further notice.
The Indian government has directed wholesalers, retailers, and processors to declare their wheat stock position as the stock limit on wheat expires on Sunday. This move aims to prevent hoarding and speculation, keeping prices stable. Traders are required to declare their stocks on a portal every Friday starting from April 1.
The Government of India has made it mandatory to declare the stock position of wheat on government portal from April 1, and then, on every Friday till further orders.
Get latest articles and stories on Latest News at LatestLY. With stock limit on wheat expiring on Sunday, the government on Friday directed wholesalers, retailers, and processors to declare their stock position of wheat as part of its efforts to prevent hoarding and keep prices under check. Latest News | Wholesalers, Retailers, Processors Told to Declare Wheat Stock; Stock Limit Expires on Mar 31: Govt.
In order to prevent hoarding and speculation by unscrupulous elements, the Central government on Friday announced that all retail and wholesale traders of wheat in the country will have to declare their stock position on the official portal .