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Govt approves proposal for sale of 30 Lakh MTs of wheat under Open Market Sale Scheme

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The Government has approved a proposal for the sale of 30 Lakh Metric Tonnes of wheat under the Open Market Sale Scheme. A Group of Ministers headed by Home Minister Amit Shah met in New Delhi today and discussed the buffer stock position of the country. Several options were approved by the Committee of Ministers to offload wheat to the market in order to have a quick impact on the rising prices. Wheat will be offered to the flour millers, and bulk buyers through e-auction for a maximum quantity of three thousand Metric Tonnes per buyer, per auction, from an FCI Region under e-auction. Wheat will also be offered to State governments and UTs for their schemes without e-auction.

It is decided that FCI will offload wheat within the next two months to the market for immediate impact on the rising wheat and Atta prices. FCI will start the process of E-auction of stocks immediately, throughout the country from January to March 2023. (AIR NEWS)

66 Days ago