In a bid to regulate food security and combat hoarding, the Government of India has mandated traders, wholesalers, retailers, big chain retailers, and processors across all states and union territories to declare their wheat stock on a designated portal starting April 1, 2024. This declaration must be made every Friday until further notice, with strict adherence required from all legal entities to prevent unscrupulous practices.
Following the expiration of the Wheat Stock Limit on March 31, 2024, entities are obligated to disclose their wheat stock on the portal, complementing the existing rice stock declaration measures already in place. Entities not registered on the portal are urged to promptly register and commence weekly disclosure of both wheat and rice stocks.
The Department of Food and Public Distribution underscores the importance of this initiative, emphasizing its role in monitoring wheat and rice stock positions to stabilize prices and ensure ample availability nationwide. This proactive approach seeks to mitigate food shortages, prevent market manipulation, and uphold food security for all citizens.
