Govt imposes stock limits on Tur and Urad dal to prevent hoarding and speculation
To prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers in respect of tur dal and urad dal, the Government of India has issued an order where it has imposed stock limits on the pulses applicable to wholesalers, retailers, big chain retailers, millers and importers.
The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2023 has been issued with immediate effect from yesterday.
Under this order, stock limits have been prescribed for tur and urad until 31st October 2023 for all States and Union Territories. Stock limits applicable to each of the pulse individually will be 200 MT for wholesalers; 5 MT for retailers; 5 MT at each retail outlet and 200 MT at the depot for big chain retailers; last three months of production or 25 per cent of annual installed capacity, whichever is higher, for the millers. In respect of importers, the importers are not to hold imported stock beyond 30 days from the date of Customs clearance.
The respective legal entities are to declare the stock position on the portal (https://fcainfoweb.nic.in/psp) of the Department of Consumer Affairs and in case the stocks held by them are higher than the prescribed limits then, they shall bring the same to the prescribed stock limits within 30 days of issue of the notification.
The imposition of stock limits on tur and urad is another step in the consistent efforts taken by the Government to crack down on the prices of essential commodities.