: Mumbai, November 20, 2023
As on Sunday, November 19, 2023, a quantity of 4,60,122 MT of wheat and 1690 MT of rice has been lifted through the Department of Food and Public Distribution scheme called OMSS (D).
The auction for sale of FCI wheat and rice commenced on 28.06.2023 and later on, on every Wednesday. Till date, 21 auctions of wheat and 17 auctions of rice have been done. 8,30,910 MT of wheat and 12,09,760 MT of rice has been offered in these auctions at a reserve price of Rs 2150/Quintal for Fair Average Quality wheat and Rs 2125/quintal for Under Relaxed Specification wheat and Rs 2973/Quintal for Fortified Rice and Rs 2900/Quintal for FAQ Rice. Out of which, the accepted quantity is 5,50,380 MT of wheat and 1710 MT of rice.
As per approval accorded by Union Ministry of Consumer Affairs, Food and Public Distribution, for disposal of wheat and rice through Open Market Sale Scheme (Domestic) [(OMSS (D)], 50 Lakh Metric Ton wheat from Central Pool Stock has been approved to be offered to flour mills/ Processor’s /manufactures of wheat products through e-auction. Similarly, approval has also been accorded for disposal of 25 Lakh Metric Ton of Rice through OMSS (D).
A limitation of 100 (Metric Tonnes) of Wheat per PAN Card has also been fixed, with a view to moderate the increasing prices of wheat, so that the benefit of price stabilisation is passed on to the actual consumers. Besides the producers & processors, traders of rice can also participate in the sale auction of rice. As per revised guidelines, a bidder can bid 10 Metric Tons wheat to maximum of 200 Metric Tons wheat & 10 Metric Tons rice to maximum of 1000 Metric Tons rice. Release of FCI wheat and rice into the markets have a restraining impact on the inflationary trend on the prices of wheat and rice.
SC/PM Source: FCI