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FCI sells 4.29 lakh MT of wheat, 14,760 MT of rice in Bengal through e-auction moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
FCI Chief Ashok K Meena expressed concern over rice inflation and urged traders to buy rice under the Open Market Sale Scheme (OMSS) to boost domestic availability and contain price rise. The FCI increased the bid quantity to 2,000 tonnes per bidder from 1,000 tonnes and reduced the minimum bid quantity to 1 tonne from 10 tonnes to encourage more participation. ....
Rice inflation is a concern, so we are relaxing the OMSS norms further to encourage more participation, said Ashok K Meena, chairman & MD, FCI on Friday. ....
India News: The central government has imposed stock limits on wheat for traders, retailers, and processors in all states and Union Territories. This intervention ....
In May this year, the Food Corporation of India (FCI), the government s nodal agency for procurement and distribution of grains, was given a mandate to sell wheat from the central pool to bulk consumers through an e-auction under OMSS throughout the fiscal except during procurement period in wheat growing states. ....