Government sells 2.84 lakh tonnes of wheat, 5,830 tonnes of rice from buffer stock to control retail prices

New Delhi, November 16 (Language) The government on Thursday said it has sold 2.84 lakh tonnes of wheat and 5,830 tonnes of rice from the buffer stock through e-auction to 2,334 bidders by releasing food grains in the open market as part of efforts to control retail prices. .

The 21st e-auction was held on November 15, in which three lakh tonnes of wheat and 1.79 lakh tonnes of rice were offered under the Open Market Sale Scheme (OMSS) domestic, the food ministry said in a statement.

The ministry said 2.84 lakh tonnes of wheat along with 5,830 tonnes of rice were sold to 2,334 bidders.

Weekly e-auction of both wheat and rice is conducted as part of the Central Government’s initiative of market intervention to control the retail price of wheat and flour.

Food Corporation of India, the government’s lead agency for procurement and distribution of food grains, is selling wheat from its buffer stock under OMSS.

The weighted average selling price for fair average quality (FAQ) wheat was Rs 2,246.86 per quintal against the reserve price of Rs 2,150 per quintal across India, while that of relaxed quality norms (URS) wheat was Rs 2,125 per quintal, the ministry said. The weighted average selling price against the reserve price of a quintal was Rs 2,232.35 per quintal.

Apart from this, 2.5 lakh tonnes of wheat will be provided to semi-government and cooperative organizations like Kendriya Bhandar, NCCF, NAFED under OMSS (D) for converting wheat into flour and offering it for sale to the public under the brand ‘Bharat Atta’. Has been allotted. The ministry said that their maximum retail price (MRP) should not exceed Rs 27.50 per kg.

Till November 14 this year, 15,337 tonnes of wheat has been lifted by these three cooperative societies for converting into flour.

Traders have been kept out of the scope of sale of wheat under OMSS (D) and 1,917 surprise checks have been conducted across the country till November 14 to avoid hoarding of stocks.

Language Rajesh Rajesh Ajay


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