Index Investing News
Saturday, March 21, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Stock limits for tur, urad eased to ensure higher supplies

by Index Investing News
November 7, 2023
in Financial
Reading Time: 3 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


The Centre has eased the stock limits on pulses such as tur and urad to ensure higher supplies.

In an extraordinary gazette notification issued on Monday, the Ministry of Consumer Affairs, Food and Public Distribution has made an amendment to the Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs Order, 2016.

The Removal of Licensing Requirements, Stocks Limits and Movement Restrictions on Specified Foodstuffs (Third Amendment) Order, 2023, will come into force with immediate effect and will incorporate pulses such as tur and urad.

Under the new order, the stock limit for wholesalers is 200 tonnes for each of these pulses. Earlier, under the September 25 notification, the stock limit for wholesalers was reduced to 50 tonnes.

The stock limit for retailers has been retained at five tonnes. For big chain retailers, the stock limit is 5 tonnes for each of the pulses at each retail outlet, and 200 tonnes (earlier 50 tonnes) at the depots for each of the pulses.

For millers, the stock limit has been s revised to the last three months’ production or 25 per cent of the annual installed capacity, whichever is higher. Earlier, it was reduced to 1 month of production or 10 per cent of the annual capacity

Importers can now hold stocks up to 60 days from the date of customs clearance as against the earlier 30 days.

‘Declare regularly’

Further, the respective legal entities should declare their stocks position on the Department of Consumer Affairs portal and if stocks held by them are higher than the prescribed limits, they should bring the same to the prescribed limits within 30 days, the notification said. Also, the trade has been told to ensure that pulses stocks are regularly declared and updated on the ministry portal.

Following the weak kharif sowing and rainfall pattern in June, the Government had imposed stock limits on these pulses till October 31, which was then extended till December 31, 2023, to curb hoarding and contain the price rise. However, the prices of these pulses are ruling firm as production was impacted due to the erratic rainfall pattern.

As per the first advance estimates for kharif 2023-24 season, the production of tur is estimated at 3.42 million tonnes, about 3.3 per cent higher than 2022-23’s final estimates of 3.31 million tonnes, while urad output is seen 14.7 per cent lower at 1.51 million tonnes over last year’s 1.77 million tonnes.

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on November 7, 2023





Source link

Tags: easedEnsurehigherlimitsStocksuppliestururad
ShareTweetShareShare
Previous Post

Don’t delay on clean air actions

Next Post

Fiat on-ramps, banking partners crucial for institutional Web3 adoption

Related Posts

Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per order

Eternal shares jump 3% from lows as Zomato hikes platform fee by Rs 2.4 per order

by Index Investing News
March 20, 2026
0

Eternal shares on Friday rose 3% from the day's low of Rs 230.10 on the NSE to scale the day's...

The ocean’s original chart-topper: scientists discover the oldest whale song recorded, from 1949

The ocean’s original chart-topper: scientists discover the oldest whale song recorded, from 1949

by Index Investing News
March 16, 2026
0

A haunting whale song discovered on decades-old audio equipment could open up a new understanding of how the huge animals communicate, according...

Israeli F-35 downs Iranian fighter jet in historic dogfight

Israeli F-35 downs Iranian fighter jet in historic dogfight

by Index Investing News
March 4, 2026
0

The IDF Spokesperson announced Wednesday morning that there had been an historic event in the skies over Tehran. An...

Gen X to spend over 0 billion worth of goods and services by FY30 : RedSeer Report

Gen X to spend over $500 billion worth of goods and services by FY30 : RedSeer Report

by Index Investing News
February 28, 2026
0

Gen X is expected to consume over $500 billion worth of goods and services by FY30 fuelling demand for various...

The Hidden Working Capital Opportunity in Your Warehouse

The Hidden Working Capital Opportunity in Your Warehouse

by Index Investing News
March 12, 2026
0

For finance leaders at large retailers and brands, excess and returned inventory can pose a significant drag on working capital...

Next Post
Fiat on-ramps, banking partners crucial for institutional Web3 adoption

Fiat on-ramps, banking partners crucial for institutional Web3 adoption

Shopify Blows Estimates Out Of The Water (NYSE:SHOP)

Shopify Blows Estimates Out Of The Water (NYSE:SHOP)

RECOMMENDED

Drag Queen Biden invited to WH Has Dark History of Vulgar/Sexual Tweets Aimed at Children

Drag Queen Biden invited to WH Has Dark History of Vulgar/Sexual Tweets Aimed at Children

December 14, 2022
Big sales of ‘Super Mario Bros. Wonder’ boost prospects for Nintendo’s Switch By Reuters

Big sales of ‘Super Mario Bros. Wonder’ boost prospects for Nintendo’s Switch By Reuters

November 8, 2023
Twitter’s head of brand safety and ad quality to leave -source By Reuters

Twitter’s head of brand safety and ad quality to leave -source By Reuters

June 2, 2023
Unilever in talks for potential disposal of Kate Somerville model

Unilever in talks for potential disposal of Kate Somerville model

August 26, 2024
Manchester United: Sir Jim Ratcliffe’s deal with the Glazers explained and what it means for the Premier League club | Football News

Manchester United: Sir Jim Ratcliffe’s deal with the Glazers explained and what it means for the Premier League club | Football News

December 24, 2023
MLB Energy Rankings: Dodgers, Rays rebound; Checking in on sneaky-good seasons

MLB Energy Rankings: Dodgers, Rays rebound; Checking in on sneaky-good seasons

August 20, 2024
Russia shows N Korea’s Kim hypersonic missiles, nuclear-capable bombers | Kim Jong Un News

Russia shows N Korea’s Kim hypersonic missiles, nuclear-capable bombers | Kim Jong Un News

September 16, 2023
No help is coming for the Green Bay Packers

No help is coming for the Green Bay Packers

November 3, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In