# Monsoon session of Parliament: Lok Sabha clears bill to amend Essential Commodities Act | Republic World

> India's Lok Sabha passed the Essential Commodities (Amendment) Bill, 2020, which limits government regulation of food supply, including stock limits, to extraordinary circumstances such as famine, war or steep price rises. The bill replaces an ordinance that was part of a set of agricultural marketing reforms. The minister said stock limits would be tied to price rises.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/51085-monsoon-session-of-parliament-lok-sabha-clears-bill-to-amend-essential
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Narrower stock-limit powers reduce the risk of forced Indian grain and pulse sales, which could leave domestic supply less constrained and modestly ease world price pressure.

## Read by commodity

- RICE: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-06-20 | [DGFT permits Supply of essential commodities to Maldives during 2018-19](https://feedsoft.ai/events/64489-dgft-permits-supply-of-essential-commodities-to-maldives-during-2018-19.md) | +2.4% | -3.2% |
| RICE | 2017-07-19 | [Preventive trade policies restrict export of key agri commodities: stu](https://feedsoft.ai/events/69947-preventive-trade-policies-restrict-export-of-key-agri-commodities-stu.md) | +3.7% | +3.2% |
| RICE | 2016-11-29 | [Relief for Centre, as rice, wheat, arhar, potato prices stable despite demonetisation - Commodities News \| The Financial Express](https://feedsoft.ai/events/73830-relief-for-centre-as-rice-wheat-arhar-potato-prices-stable-despite.md) | +4.2% | -3.0% |
| RICE | 2020-12-30 | [DGFT notifies Amendment in Export Policy of Basmati & Non-Basmati Rice Read Notification](https://feedsoft.ai/events/49607-dgft-notifies-amendment-in-export-policy-of-basmati-and-non-basmati-rice-read.md) | +1.8% | +9.7% |
| RICE | 2024-12-19 | [India extends halt on futures trading in key farm commodities until January \| Reuters](https://feedsoft.ai/events/11559-india-extends-halt-on-futures-trading-in-key-farm-commodities-until-january.md) | -6.1% | -0.1% |
| WHEAT | 2017-07-19 | [Preventive trade policies restrict export of key agri commodities: stu](https://feedsoft.ai/events/69947-preventive-trade-policies-restrict-export-of-key-agri-commodities-stu.md) | -2.9% | +0.4% |
| WHEAT | 2024-12-20 | [Congress averts government shutdown as Senate passes funding bill - The Washington Post](https://feedsoft.ai/events/26952-congress-averts-government-shutdown-as-senate-passes-funding-bill-the.md) | +2.2% | -0.2% |
| WHEAT | 2023-04-27 | [Commodity groups to House Ag: Expand ag safety net in 2023 farm bill \| National \| farmweeknow.com](https://feedsoft.ai/events/36401-commodity-groups-to-house-ag-expand-ag-safety-net-in-2023-farm-bill-national.md) | +1.1% | -2.6% |

## Sources

- republicworld.com: https://www.republicworld.com/india/politics/lok-sabha-clears-bill-to-amend-essential-commodities-act

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.