Food Corporation of India, the government s nodal agency for procurement and distribution of foodgrains, is offloading wheat from its buffer stock under the OMSS. Consequently, the total quantity offered per e-auction across the country has also been increased from 2 lakh tonne to 3 lakh tonne, the statement said.
Food Corporation of India, the government s nodal agency for procurement and distribution of foodgrains, is offloading wheat from its buffer stock under the OMSS. Consequently, the total quantity offered per e-auction across the country has also been increased from 2 lakh tonne to 3 lakh tonne, the statement said.
The government on Wednesday announced that it will sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market to contain the price rise. 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
The Indian government is planning to sell 5 million tonnes of wheat and 2.5 million tones of rice from its stocks in the open market to stabilise prices, in addition to the sale of 1.5 million tonnes of wheat and 0.5 million tonnes of rice announced earlier. Domestic prices of staple foods have been increasing due to low supply and hoarding. The government maintains adequate stock levels, and so far, only 0.7 million tonnes of wheat were sold through e-auction under the open market sale scheme.