New Delhi: The government on Monday released pulse importers from the stock limit and also relaxed norms for wholesalers and grinding.
It was almost no two weeks after the stock limit was subject to a basic price increase.
The Ministry of Consumer Affairs said relaxation had been made considering the softening of the price of all the main pulse varieties.
The stock limit now will only apply on tours, urads, grams and meins until October 31.
However, all millers and importers must continue to declare their shares on the web portal of the Ministry of Consumer Affairs.
The revised stock limit norm for wholesalers determines that they can store up to 500 tons at any time point, provided it should not be more than 200 tons from one variety.
Previously, the limit was only 200 tons.
For Millers, the limit will be a six-month production or 50% of the installed annual capacity, which is higher.
The previous norm for Millers was a three-month production or 25% of installed capacity.
For retailers, the stock limit will remain at five tons.
“Relaxation for Millers will have a down-streaming effect in terms of providing guarantees to farmers at the pause of Kharif sowing tours and urads,” the ministry said.
Decisions are taken after meetings with stakeholders.
Welcoming the decision, Indian pulses and the Grain Association of Deputy Chairperson of Bim Kothari said, “We believe that this will smooth the supply of pulses in the coming months.”