Centre imposes stock limits on Tur and Urad dal
In order to prevent unscrupulous hoarding and speculation and also to improve the affordability of tur dal and urad dal to consumers, the Indian government issued an order imposing stock limits on pulses applicable to wholesalers, retailers, large retail chains, millers, and importers. The removal of licensing requirements, stock limits, and movement restrictions for ordering (modification) of specific food items, 2023 was issued effective immediately today, i.e. 2na June 2023.
Under this ordinance, stockpile limits for tur and urad were prescribed until the 31st of October 2023 for all states and union territories. The stock limits applicable to each of the legumes individually will be 200 MT for wholesalers; 5 MT for resellers; 5 MT at each point of sale and 200 MT in storage for large retailers; last 3 months of production or 25% of the annual installed capacity, whichever is higher, for millers. As for importers, importers should not hold imported stock more than 30 days after the customs clearance date. The respective legal entities must declare the stock position on the portal (https://fcainfoweb.nic.in/psp) of the Department for Consumers and in case the stocks held by them are above the prescribed limits, they must report the same to the prescribed stock limits within 30 days of the issue of the communication.
The imposition of stock limits on tur and urad is another step in the government’s efforts to crack down on the prices of essential raw materials. The Department of Consumers closely monitored the whereabouts of tur and urad stocks through the stock disclosure portal which was reviewed weekly with the state government. Extensive interactions have taken place with various stakeholders such as importers, millers, and retailers to ensure the disclosure of stocks, including visits by senior officials to the states of Karnataka, Madhya Pradesh, Maharashtra, and Tamil Nadu to assess the situation on the ground.
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