In order to deter hoarding, the food and consumer affairs ministry has extended the time period for existing Stock Limits on tur and urad by two months until December 31, this year.
Previously, the Stock limits on tur and urad were scheduled to expire by October 30.
The ministry has also revised the stock holding limits for certain entities.
As per the ministry’s notification, the stock limits for wholesalers and large-scale retailers at the depot have been reduced from 200 tonne to 50 tonne each.
The stock limit for millers has also been decreased 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, according to the notification.
“The revision in stock limits and extension of the time period is intended to prevent hoarding and ensure 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,” stated the ministry.
The stock limits have been prescribed for all states and Union Territories.
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According to the notification, stock limits applicable to each of the pulse individually will be 50 tonne for wholesalers, 5 tonne for retailers, 5 tonne at each retail outlet, and 50 tonne at the depot for large-scale retailers, the last one month of production or 10% of annual installed capacity, whichever is higher, for the millers.
Importers will not be allowed to hold imported stock beyond 30 days from the date of customs clearance.
In January this year, the government had imposed a stock limit on tur and urad to prevent hoarding and unscrupulous speculation and enhance affordability to the consumers.
“The Department of Consumer Affairs is closely monitoring the stock position of tur and urad through the stock disclosure portal which is being reviewed on a weekly basis with the State government,” the statement said.
(With inputs from agencies)
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Updated: 26 Sep 2023, 12:43 AM IST
