In an effort to curb rising prices of wheat and flour across the country, the Government of India has revised the reserve price for the sale of wheat through the OMSS (D) scheme across the country. FAQ The reserve price of wheat is now Rs. 2150/quintal.
The bidders who have registered themselves on the e-portal of M Junction by 10:00 PM on 17.02.2023 for the 3rd e-Auction will be permitted to participate in the e-Auction on 22.02.2023. The deposit and uploading of EMD must be done by 21.02.2023 at 02:30 pm. The e-auction set to begin at 11:00 am on 22.02.2023 will be the third one. The Food Corporation of India is offering around 11.72 LMT of wheat in the e-auction, from 620 depots across the country.
The Open Market Sale Scheme (Domestic)
The Open Market Sale Scheme (Domestic) is a government scheme that allows the sale of wheat from the central pool to the market through various routes. The scheme is intended to ensure the availability of wheat at reasonable prices to consumers and to help stabilize prices in the market.
The Food Corporation of India’s Role
The Food Corporation of India (FCI) is responsible for ensuring the availability of food grains at reasonable prices to the consumers of the country. The FCI has been releasing wheat stock from the Central pool to the market through various routes under the Open Market Sale Scheme (Domestic) to address the rising prices of wheat and atta in the country.
