Overview
- Bulk traders may hold up to 3,000 tonnes of wheat and retailers up to 10 tonnes under the new limits valid until March 31, 2026.
- Millers and processors face a ceiling of 70 percent of monthly installed capacity multiplied by the remaining months in the marketing season.
- Commercial entities must report wheat inventories on the Food and Public Distribution portal and cut any excess stocks within 15 days.
- Government procurement stands at 298.17 million tonnes against a 332.7 million-tonne target, with Uttar Pradesh supplying just around 10 million tonnes out of its 30 million-tonne goal.
- The policy shift follows forecasts of a record harvest and aims to prevent price spikes after cereal markets surged when the Russia-Ukraine conflict began.