The government of India has issued a landmark order Imposing Stock Limits

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New Delhi: Govt. of India has issued a landmark order imposing stock limits on Pulses applicable to wholesalers, retailers, millers and importers continuing its consistent effort to crackdown on prices of essential commodities like pulses.

 The Removal of Licensing Requirements, Stock Limits, and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect from 2nd July 2021 Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect from 2nd July 2021. Under this order, stock limits have been prescribed for all pulses except Moong until 31st October 2021 for all States/UTs.

The stock limit will be 200 MT (provided there should not be more than 100 MT of one variety) for wholesalers, 5 MT for retailers and it will be the last 3 months of production or 25% of annual installed capacity, whichever is higher, for the millers. Lastly, for importers, the stock limit will be the same as that of wholesalers for stocks held/imported before 15th May 2021, and for stocks imported after 15th May 2021, the stock limit applicable on wholesalers will apply after 45 days from the date of customs clearance.  

It has also been stated that if the stocks of entities exceed the prescribed limits, they have to be declared on the online portal (fcainfoweb.nic.in) of the Department of Consumer Affairs and have to be brought within the prescribed limit within 30 days of the notification of this order. Govt. of India has also formulated a multi-pronged strategy under the visionary leadership of Hon’ble PM Narendra Modi, to ensure that the prices of the pulses remain controlled. As a result of the above series of consistent actions by the Government of India, the declining trend in the prices of pulses and oilseeds is being witnessed.