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Govt to sell additional 50 lakh tonnes wheat, 25 lakh tonnes rice in open market to contain price rise

10 Aug 2023 Evaluate

With an aim to contain the price rise, the government has said that it will sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market.

Food Secretary Sanjeev Chopra has said that ‘there has been a sharp increase in prices of wheat and rice recently…The government has decided to offload 50 lakh tonnes wheat and 25 lakh tonnes wheat under the Open Market Sale Scheme (OMSS)’.

He added this is over and above the 15 lakh tonnes of wheat and 5 lakh tonnes of rice sale under the OMSS announced a few months ago. He noted that so far, about 7 lakh tonnes of wheat has been sold through e-auction under the OMSS, while the rice sale has been negligible. 

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