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The Food Corporation of India (FCI) offered 22.0 LMT out of 25 LMT wheat stock for e-auction under the Open Market Sale Scheme (Domestic) on 1st February 2023.
The first e-auction saw participation from over 1100 bidders and a quantity of 8.88 LMT was sold in 22 states. The bidding for Rajasthan will be conducted on 2nd February 2023. The e-auction will continue every Wednesday till the 2nd week of March 2023.
The Government of India has reserved 3 LMT of wheat for PSUs/cooperatives/federations such as Kendriya Bhandar, NCCF, and NAFED to sell without e-auction at a concessional rate of Rs 2350/QTLs. NCCF has been allowed to lift 50,000 MT of wheat under this scheme in seven states. 1 LMT each has been allotted to NAFED and Kendriya Bhandar to bring down the price of Atta across the country.
The offloading of 30 LMT of wheat in the market through OMSS (D) within two months will have a wider reach and immediate impact on the rising prices of wheat and Atta, providing relief to the common man.
The Group of Ministers, headed by Home Minister Amit Shah, has made recommendations to the Department of Food and Public Distribution to address the rising prices.
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