New Delhi: The Food Corporation of India (FCI) has approved the proposal for sale of 30 lakh metric tonnes (lmt) of wheat under the open market scheme to have quick impact on the rising prices.
To address the rising prices of wheat and flour in the country, a group of ministers, headed by Home Minister Amit Shah, discussed the buffer stock of food grains in the country.
The group decided that wheat will be offered to the flour millers, bulk buyers, etc, through e-auction for a maximum quantity of 3,000 mt per buyer, per auction, from an FCI region under e-auction.
Wheat will also be offered to the state governments and UTs for their schemes, without an e-auction.
Apart from these, wheat will be offered at concessional rates of Rs 2,350/quintal to government PSUs, cooperatives, federations, kendriya bhandars, NCCF, NAFED, etc, without e-auction.
The sale under this special scheme will be subject to the stipulation that the buyer will convert wheat to atta and offer it to public at a maximum retail price of Rs 29.50 per kg.
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