says the move is to arrest the spiralling pricesIn an attempt to arrest the spiralling prices of pulses, the Union government on Friday directed the States to impose stock limit on all pulses except Moong till October 31. The stock limits will be applicable on wholesalers, retailers, millers and importers. In case of millers, the stock limit will be the last three months of production or 25% of annual installed capacity whichever is higher. For importers, the stock limit will be the same as that of wholesalers for stocks held/imported prior to May 15, 2021. And for pulses imported after May 15, stock limit applicable on wholesalers will apply after 45 days from date of customs clearance, the order said.

Source: The Hindu July 03, 2021 00:09 UTC