Wheat prices will remain under control, black marketing will be curbed, know how

Under the latest instructions, from April 1, retailers including wholesalers, processors and large retailers in all states and union territories will have to provide information about their stocks on a portal. After this they will have to declare the stock every Friday. Traders have already been asked to declare rice stock on this portal.

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attempt to control prices
The Department of Food and Public Distribution said in a statement that it is keeping a close watch on the stocks of wheat and rice to keep prices under control and ensure availability in the domestic market. Earlier, the Central Government had reduced the stock limit of wheat to prevent the rise in wheat prices in the domestic market. Under this, the stock limit of wheat for wholesalers, big retail and processing companies was halved.

The government also sold wheat in the open market to control prices. The government had released 101.5 lakh tonnes of wheat for sale in the open market through e-auction through Food Corporation of India (FCI) at the rate of Rs 2,150 per quintal. Out of this, 80.04 lakh tonnes of wheat has been sold in the open market till February.

(with input from language)

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Tags: Business news in hindi, Wheat, Wheat crop, Wheat Procurement