As part of its measures to keep prices under control, the Government will sell wheat in open market from FCI’s stock. Food Corporation of India (FCI) has 398 LT of wheat in its godowns, as on July 01, against the buffer norms limit of 201 LT. The government earlier this month has also decided to release additional 50 lakh tonnes (LT) of rice through public distribution system (PDS) to BPL and APL families in those states where food security law is not implemented.
The open market sale scheme (OMSS) was launched by FCI for sale of wheat from stocks above its buffer limits to the bulk consumers-roller flour mills. The scheme was also launched with a view to check wheat prices, which may go up during lean season and at the same time it will create storage space for fresh arrival of wheat.
A total of 95 LT of wheat was allocated for tender sale from godowns of Punjab and Haryana, during the year 2013-14, to bulk consumers/small private tenders and 5 LT of wheat was allocated for retail sale to states/UTs/cooperatives. The reserve price was fixed at Rs 1,500 per quintal. Later the government also allowed other states to sell wheat in the open market after adding freight charges from Ludhiana to concerned state capital, to the fixed base price.
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