Mandatory Wheat Stock Declaration by Traders and Retailers

Summary and Important Points:

1. Government Directive:

• Mandatory for traders, wholesalers, retailers, and processors to declare wheat stock position on the portal starting 01.04.2024.

1. Regular Disclosure:

• Entities must update their wheat stock on the portal every Friday till further notice.

1. Wheat Stock Limit Expiry:

• Existing wheat stock limit expires on 31.03.2024; entities required to disclose stock on portal thereafter.

1. Rice Stock Declaration:

• Mandatory rice stock declaration by entities already in place, to continue alongside wheat.

1. Portal Registration:

• Unregistered entities are urged to register on the portal (https://evegoils.nic.in/wheat/login.html) for stock disclosure.

Additional Information:

• Food Security Management: The move aims to manage food security, prevent hoarding, and speculative activities affecting wheat supply.

• Monitoring and Control: Department of Food and Public Distribution monitors stock positions to control prices and ensure availability.

• Legal Compliance: Ensuring entities adhere to legal requirements for stock declaration to maintain transparency in wheat and rice availability.

Examination Perspective and Concise Points for Use:

• Food Security Measures: Importance of stock declaration in managing food security and controlling prices.

• Government Monitoring: Role of the Department of Food and Public Distribution in ensuring the availability and price stability of essential commodities.

• Legal and Regulatory Compliance: The significance of legal entities' compliance with stock declaration orders for transparency and market stability.

Key Words to Remember:

• Wheat Stock Declaration

• Food Security

• Portal Registration

• Price Control

• Legal Compliance

Link to Article : Press Information Bureau (pib.gov.in)

Released On : 29 March 2024