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    Food ministry extends time period for stock limits on tur, urad to prevent hoarding

  • Date : 27 September, 2023

    To prevent hoarding, the food and consumer affairs ministry on Monday extended the time period for existing stock limits on tur and urad by two months till December 31 this year. Earlier, the stock limits on tur and urad were to end on October 30.The ministry has also revised the stock holding limits for certain entities.

    According to the ministry's notification, the stock limits for wholesalers and big chain retailers at the depot have been reduced from 200 tonne to 50 tonne each.

    The stock limit for millers has also been reduced from the last 3 months' production, or 25% of annual capacity, whichever is higher, to the last one-month production, or 10% of annual capacity, whichever is higher, said the notification.

    "The revision in stock limits and extension of the time period is to prevent hoarding and elicit the continuous release of tur and urad in sufficient quantities to the market and make tur dal and urad dal available at affordable prices for the consumers," the ministry said in a statement.

    Source: Live mint


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