India lowers wheat stock limits to tame prices

Workers fill sacks with wheat at a market yard on the outskirts of Ahmedabad·Reuters
Reuters

NEW DELHI (Reuters) - India has lowered the limit of wheat stocks that traders and millers can hold, the government said on Friday, to help boost the grain's availability and moderate prices.

Traders can now hold only 2,000 metric tons of wheat against 3,000 metric tons earlier, the statement said. The government has also tightened stock-holding limits for wheat processors.

(Reporting by Rajendra Jadhav and Mayank Bhardwaj, Editing by Louise Heavens)