Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Tamil Nadu govt imposes stock limits on paddy, rice and pulses amid price rise

The Tamil Nadu government has set stock limits on essential commodities like rice and pulses to combat price inflation. Wholesalers can stock a maximum of 2,000 metric tonnes of rice, while retailers are restricted to eight tonnes. Miller stock is limited to one month's production capacity, ensuring regular supply. Importers are prohibited from holding stock longer than 45 days post customs…

Tamil Nadu govt imposes stock limits on paddy, rice and pulses amid price rise

Chennai witnessed the Tamil Nadu government implementing stock limits on paddy, rice, and pulses in response to soaring prices of these essential commodities. The move, aimed at preventing hoarding and ensuring fair distribution, was made under the prior approval of the Centre.

Under the government orders, wholesalers are permitted to store a maximum of 2,000 metric tonnes of paddy and rice, while retailers can hold up to eight tonnes of each commodity per outlet. Millers, on the other hand, are restricted to holding no more than one month's production capacity of paddy and rice.

For pulses, including tur dal and urad dal, the government set a stock limit of 200 metric tonnes for wholesalers of each variety. Retailers were allowed to keep up to five tonnes each of tur and urad dal. Millers could hold up to the production from the last three months or 25% of their annual installed capacity, whichever is greater.

The importers of rice and pulses were instructed not to retain any imported stock for more than 45 days after customs clearance. The stock control order will remain in effect until January 31, 2027, for rice and three months for pulses.

Entities involved with the storage of these commodities are mandated to regularly declare and update their stock positions on the Department of Consumer Affairs' portal. Failure to comply with the prescribed limits by November 16, 2026, will necessitate reducing stocks to the allowed levels.

Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at economictimes.indiatimes.com →

More in Finance & Markets

How IDPs built Abuja’s largest beans market

Ibrahim Philemon was compelled to abandon everything he had built in his youth and flee his native Gwoza for Karu in Nasarawa State because of Boko Haram’s relentless attacks on his community. Philemon is among thousands of other farmers who fled their towns because of intensified security risks posed by Boko Haram militants.

Cleaner, smarter, big data: the PLA’s bet on ‘sunshine’ military recruitment

The Chinese military is mining big data to get better recruits and stamp out corruption in the march towards its centenary next year. As part of an overhaul called “end-to-end sunshine” recruitment, the People’s Liberation Army has been commanded to use data-driven systems across the the enlistment process to build a military “focused on…

More from Saturday 14 November →