The reserve price under the Open Market Sale Scheme (Domestic) has been fixed at Rs 2150/Qtl (Pan India) for wheat (FAQ) and Rs 2,125 Qtl (Pan India) for wheat (URS) of all crops including RMS 2023-24 for sale of wheat to private parties.
(Representational Image: iStock)
To check the inflationary trends in the food economy, the Department of Food and Public Distribution (DFPD) has decided to further reduce the reserve price of wheat up to 31 March.
The reserve price under the Open Market Sale Scheme (Domestic) has been fixed at Rs 2150/Qtl (Pan India) for wheat (FAQ) and Rs 2,125 Qtl (Pan India) for wheat (URS) of all crops including RMS 2023-24 for sale of wheat to private parties.
States may be allowed to purchase wheat from FCI for their own scheme at the above-proposed reserve prices without participating in e-auction.
Advertisement
Reduction in reserve price will help reduce the market price of wheat and wheat products for consumers, the Ministry of Consumer Affairs said. The FCI will float the third e-auction for the sale of wheat at these revised reserve prices on 17 February which will be opened on 22 February.
The Committee of Ministers decided to release 30 LMT wheat from FCI stock through the Open Market Sale Scheme (OMSS) as follows:
–25 LMT be offered through the e-auction route to traders, flour mills, etc as per the usual process followed by FCI. Bidders can participate in e-auction for a maximum quantity of 3000 MT per region per auction;
–2 LMT be offered to state governments for their schemes @10,000 MT without e-auction;
–3 LMT be offered to Govt PSUs/cooperatives/Federations such as Kendriya Bhandar /NCCF/NAFED etc without e-auction; and
–Subsequently, the Department made an allocation of 3 LMT of wheat to Kendriya Bhandar/ NAFED /NCCF as per their requisitions. Kendriya Bhandar, NAFED and NCCF were allocated 1.32 LMT, 1 LMT and 0.68 LMT respectively.
Further, the rate of wheat on 10 February has been reduced to Rs. 21.50/Kg for sale to NCCF/NAFED/ Kendriya Bhandar/State Govt. Cooperatives/ Federations etc as well as community kitchens/charitable/NGOs etc subject to the stipulation that they will convert wheat to atta and sell it to consumers at MRP of Rs. 27.50/Kg.
Advertisement
