Traders will have to give information about wheat stock every week, government-issued official statement

The government has taken a big step towards regulating food security and preventing black marketing in the market. As a part of a broader strategy, the government has made weekly reporting of wheat stock mandatory for traders, wholesalers, retailers, and processors of all states and union territories from April 1.

According to an official statement, under the directive, all legal entities will have to declare their wheat stock status on the government's online portal every Friday till further notice.

Currently, the wheat stock limit is applicable till March 31. The Department of Food and Public Distribution will closely monitor the disclosures to regulate prices and ensure continuous availability of wheat across the country. According to the statement, entities that have not yet registered on the portal have been asked to register at once and start their weekly stock reporting.