You can't hord if you don't have money. The local Rupee was depreciated a lot, and the food prices have gone up 20-30% to a point that it is simply too expensive to hord things.

There are some loosely imposed rules that one cannot buy more than 5kg of rice per turn, etc. But I don't see people actively hording things. The long lines are likely because a shop is only allowed to bring in 2-3 customers at once.

True, the panic hoarding almost certainly wasn't restricted to foods only. See toilet paper hoarding early in the pandemic.