SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

FCI to offload wheat in open market in Punjab & Haryana

02 Jun 2015 Evaluate

The government has decided to sell FCI wheat to bulk consumers from June in states of Punjab and Haryana, while in other wheat growing states from July. The government is taking this step in order to liquidate surplus stocks and improve supply in the open market. 

The state-run Food Corporation of India (FCI) started offloading wheat from April 1, under the open market sale scheme (OMSS) to non-wheat producing states at a reserve price of Rs 1,550 per quintal plus freight charges. FCI has so far been able to sell only 400 tonnes wheat in non-wheat growing states.

FCI had stock of 34.1 million tonnes (MT) of wheat, as on May 01, while the buffer requirement was only 21 MT as on April 1. The stocks are rising in view of ongoing procurement of wheat from 2014-15 crop at the support price. FCI sold around 4.5 MT of wheat in 2014-15 fiscal as against the target of 10 MT.


About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: