Govt extends time period for stock limits of Tur and Urad by two months to prevent hoarding

The Government has extended the time period for existing stock limits under the Essential Commodities Act, 1955 in respect of Tur and Urad from the 30th of October to the 31st of December. The Centre has also revised the stock holding limits for certain stockholding entities. 

The revision in stock limits and extension of the time period is aimed at preventing hoarding. The move will also enable continuous release of Tur and Urad in sufficient quantities to the market and make them available at affordable prices for



consumers.

According to a notification, the limit for stock with wholesalers and also big chain retailers at the depot has been reduced from 200 Metric Tonnes to 50 MT. The limit for miller has been reduced from the last three months' production or 25 percent of annual capacity, whichever is higher, to the last month's production, or 10 percent of annual capacity, whichever is higher.

As per the latest order, the importers are not to hold imported stock beyond 30 days from the date of Customs clearance.