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Solution to the problem arising regarding stocks of tur and gram, the Government of India issued an order

Sagar Patel

By Sagar Patel

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To prevent hoarding and speculation and improve the availability of tur and gram at affordable prices to consumers, the Government of India has issued an order under which wholesalers, retailers, large retail chains, millers and importers a stock limit of legumes. . The Order for the removal (amendment) of licensing requirements, stock limits and movement restrictions on food products was implemented as of June 21.

What does the order say?

Under this order, stock limits of tur and gram, including Kabuli gram, have been set for all states and union territories till September 30, 2024. Stock limit applicable in each pulse individually 200 MT for wholesalers; 5 MT for retailers; 5 MT at each point of sale and 200 MT in warehouse for large retail chains; For plant owners, production will be limited to the last 3 months or 25% of annual installed capacity, whichever is greater.

With respect to importers, they must not retain imported stocks for more than 45 days from the date of customs clearance. The legal entities concerned have to declare the stock position on the Department of Consumer Affairs portal (https://fcainfoweb.nic.in/psp) and if the stock held by them exceeds the prescribed limit, they have to dispose of it. before July 12, 2024. Stocks must be brought to the limit.

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For this reason the government took measures

Imposing limits on stocks of tur and chana is part of the measures taken by the government to curb prices of essential commodities. The Department of Consumer Affairs was carefully monitoring the stock position of pulses through the Stock Disclosure Portal. The Department had sent a communication to the state governments in the first week of April 2024 to implement mandatory stock disclosure by all stocking entities, following which major pulses producing states and malls across the country since the last week of April until May 10, 2024. It was visited. Separate meetings were also held with traders, stockists, importers, millers and large retail chains to encourage and sensitize them on actual stock disclosure and maintaining availability of pulses at affordable prices to consumers.

We informed that to increase domestic production, the government had reduced desigram import duties by 66 per cent with effect from May 4, 2024. The reduction in duties has facilitated imports and increased sowing of gram in the main producing countries. According to the report, gram production in Australia is estimated to increase from 5 lakh tonnes in the year 2023-24 to 11 lakh tonnes in the year 2024-25, which is expected to be available from October 2024.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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