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Centre puts stock limit on pulses to check rising prices

TOI.in / Jul 02, 2021, 23.47 PM IST

To check rising prices of pulses, the Centre imposed stock limits except for moong held by wholesalers, retailers, importers and millers till October 31. This came barely days after the government lowered import duty on crude palm oil. The consumer affairs said the need for the urgent policy decision was felt to “send the right signal” to the market. The order issued by the ministry on pulses said wholesalers can stock a maximum of 200 tonnes (except moong) and they can’t hold more than 100 tonnes of one variety of pulses. The retailers can stock a maximum of 5 tonnes. The ministry said if the stocks of entities exceed the prescribed limits, these have to be declared on the online portal of the consumer affairs department and have to be brought within the prescribed limit within 30 days of the notification of the order.

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