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HomeIndiaGovernment imposes stock limit for wheat wholesale traders to ease rising prices

Government imposes stock limit for wheat wholesale traders to ease rising prices

The government order directs traders, retailers, wholesalers, and big chain retailers to register on the wheat stock limit portal and update their position every Friday.

The government has warned violators of stock limits with suitable punitive action under Sections 6 & 7 of the Essential Commodities Act, 1955. These sections impose at least a year of imprisonment and a fine, and also forfeiture of properties such as animals, vessels, or transport carrying the commodity. Experts say the government is concerned with wheat procurement, which has experienced shortfalls in two consecutive years due to adverse weather conditions.

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