Food Corporation of India (FCI) has so far sold 1.54 lakh tonnes (LT) of wheat through an e-auction platform of the NCDEX Spot Exchange (NSPOT). FCI, which plans to sell 10 million tonnes (MT) of wheat to millers using the NSPOT platform this year, began selling the grain via e-auction early this month.
The state-run corporation has witnessed a rapid increase in off-take of wheat within first three e-auctions conducted at its platform. The millers purchased wheat at prices ranging between Rs 1,500 and Rs 1,836 per quintal. FCI had sold 17 LT of wheat last year through seven e-auctions on NSPOT.
NSPOT offers an e-trading platform for a host of commodities, both agricultural and non-agricultural to various market participants. The exchange has active contracts in the states of Maharashtra, Rajasthan, Karnataka, Madhya Pradesh, Gujarat and Kerala.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: