Extension of Stock Limits on Tur and Urad to Prevent Hoarding.
In a recent notification, the Ministry of Food and Consumer Affairs has taken steps to prevent hoarding of tur and urad by extending the time period for existing stock limits. The original deadline for these limits was October 30. However, to curb hoarding and ensure an adequate supply of tur and urad in the market, the ministry has granted an extension of two months, with the new deadline set for December 31 of this year.
As part of the measures, the ministry has also revised the stock holding limits for certain entities. Wholesalers and big chain retailers at the depot will now have their stock limits reduced from 200 tonnes to 50 tonnes each. Millers, on the other hand, will now be required to hold stock based on their last one-month production or 10% of their annual capacity, whichever is higher. This is a change from the earlier requirements of the last three months' production or 25% of their annual capacity, whichever was higher.
The primary objective behind these revisions and the extension of the time period is to prevent hoarding and ensure a consistent and sufficient release of tur and urad into the market. The ministry aims to make tur dal and urad dal available to consumers at affordable prices.
These revised stock limits and the extension of the deadline apply to all states and Union Territories. According to the notification, the stock limits applicable to each type of pulse individually will be as follows: 50 tonnes for wholesalers, 5 tonnes for retailers, 5 tonnes at each retail outlet, and 50 tonnes at the depot for big chain retailers. Millers will be required to hold stock based on their last one month of production or 10% of their annual installed capacity, whichever is higher. Stock holder are not having permission to hold imported goods more than 30 days
In January of this year, the government had initially imposed stock limits on tur and urad in order to combat hoarding, prevent unscrupulous speculation, and improve affordability for consumers. The Department of Consumer Affairs is actively monitoring the stock position of tur and urad through a dedicated stock disclosure portal. Regular reviews are conducted in collaboration with state governments to ensure effective implementation of these measures.
By extending the time period and implementing revised stock limits, the ministry aims to prevent hoarding and maintain a steady supply of tur and urad. This will help keep the prices of tur dal and urad dal affordable for consumers. These initiatives are part of the government's ongoing efforts to regulate the market, prevent hoarding, and ensure the availability of essential commodities at reasonable prices.
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