India lowers wheat stock limits to tame prices

Traders can now hold only 2,000 metric tons of wheat against 3,000 metric tons earlier, the statement said.

Reuters

September 13, 2024 / 19:18 IST

The government has also tightened stock-holding limits for wheat processors.

India has lowered the limit of wheat stocks that traders and millers can hold, the government said on Friday, to help boost the grain's availability and moderate prices.

Traders can now hold only 2,000 metric tons of wheat against 3,000 metric tons earlier, the statement said. The government has also tightened stock-holding limits for wheat processors.

Reuters

first published: Sep 13, 2024 07:18 pm

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