In order to prevent hoarding and speculation by unscrupulous elements, the Central Government announced on Friday that all retail and wholesale wheat traders in the country will be required to declare their stock positions on the official portal beginning April 1.
The directive mandates that the stock position must be updated every Friday until further notice.
The Department of Food and Public Distribution stated that it is closely monitoring the wheat and rice stock positions to regulate prices and guarantee ample availability across the nation.
The directive applies to traders/wholesalers, retailers, large retail chains, and processors in all states and union territories.
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Each respective legal entity must ensure regular and accurate disclosure of stocks on the portal.
The order specifies that the Wheat Stock Limit for all categories of entities in states and UTs will expire on March 31. Subsequently, these entities are required to disclose their wheat stock on the portal.
Rice stock declarations by all types of entities are already established. Any entity that has not yet registered with the Portal may do so and begin disclosing their wheat and rice stocks every Friday. The order also requires that all legal entities regularly declare their rice and wheat stock on the portal.
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