Centre lowers wheat stock limits until 31 March 2025
On 11 December 2024, in India, the Centre revised wheat stock limits applicable until 31 March 2025, cutting the limit for traders and wholesalers from 2,000 MT to 1,000 MT.
Summary
On 11 December 2024, in India, the Central Government revised wheat stock limits, applicable until 31 March 2025, to moderate prices and prevent hoarding. The limit for traders and wholesalers was cut from 2,000 MT to 1,000 MT, and for retailers from 10 MT to 5 MT per retail outlet. The release noted that 1,132 LMT of wheat was produced in Rabi 2024.
Key facts
- Date
- 11 Dec 2024
- Valid until
- 31 Mar 2025
- Trader / wholesaler
- 2,000 MT to 1,000 MT
- Retailer
- 10 MT to 5 MT per outlet
- Rabi 2024 wheat output
- 1,132 LMT
Practice MCQs 1 questions
To what level did the Centre lower the wheat stock limit for traders and wholesalers on 11 December 2024?
Show answer
Correct answer: C — 1,000 MT
PIB (11 Dec 2024): the stock limit for Trader/Wholesaler was revised from 2000 MT to 1000 MT, applicable until 31 March 2025.