Centre unveils mandatory weekly wheat stock reporting to check market speculation

All legal entities must declare their wheat stock positions on the government’s online portal every Friday.
| Photo Credit: The Hindu

The Union government has introduced a mandatory weekly wheat stock reporting requirement for traders, wholesalers, retailers and processors from all states and Union territories, starting April 1, as part of a comprehensive strategy to manage food security and prevent speculation in the market.

Under the directive, all legal entities must declare their wheat stock positions on the government’s online portal every Friday until further notice, according to an official statement on Tuesday.

The wheat stock limit currently in place is set to expire on March 31.

Monitor disclosures

The Department of Food and Public Distribution will closely monitor the disclosures to control prices and ensure consistent wheat availability throughout the country. Entities not yet registered on the portal are urged to do so forthwith and begin their weekly stock reporting, according to the statement.