Centre lifts MEP on onions, tightens stock holding limit on wheat
In a significant move, the Central government lifted the minimum export price (MEP) of $550 per tonne on onions but tightened the stock holding limit on wheat.
In a significant move, the Central government lifted the minimum export price (MEP) of $550 per tonne on onions but tightened the stock holding limit on wheat.
The ban will be applicable to Traders/Wholesaler, Retailers, Big Chain Retailers and Processors for all States and Union Territories, Ministry of Consumer Affairs, Food & Public Distribution said in a statement.
Besides, the government is ready with an action plan to ensure that there is no hoarding by unscrupulous elements to drive up prices.
Procurement of Wheat during RMS (Rabi Marketing Season) 2024-25 is going on smoothly in major procuring states across the country.
In response to consecutive years of diminished wheat production due to heat waves, India is implementing a proactive measure to prevent hoarding and price spikes.
A total of 2.01 LMT wheat from 481 depots and 4.87 LMT rice from 264 depots was offered from across the country, an official release said on Thursday.
Food Secretary Sanjeev Chopra on Tuesday said there are no plans to import wheat from Russia under any diplomatic deal.…
The FCI shall offload 50 LMT of wheat and 25 LMT of rice in the open market in a phased manner under the Open Market Sale Scheme (Domestic) [OMSS(D)] for sale through E-auction.
Despite the Centre having imposed stock limit on wheat to control its price rise earlier this month, there has been a percentage increase in its prices in the last 10 days, which may make common man's meal costlier.
The Centre has decided to discontinue the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments.
