Representative file image. , Photo Credit: PTI
The Center announced on February 21 that it would sell an additional 20 lakh tonnes of wheat in the open market to bring down the prices of wheat and wheat flour.
On January 25, the Center had announced to sell 30 lakh tonnes of wheat from its buffer stock in the open market to check the rise in prices of wheat and atta (flour).
According to an official statement, the government has decided that the Food Corporation of India (FCI) will offload additional 2 million tonnes of wheat under the Open Market Sale Scheme (OMSS) in the open market.
The stock will be for sale through e-auction to flour millers/private traders/bulk buyers/manufacturers of wheat products.
Sources said the proposal to sell the shares in the open market was taken up by a group of ministers.
“So far, it has been decided to offload 50 lakh tonnes (30+20 lakh tonnes) of wheat under OMSS. The reduction in reserve price along with additional offloading of 20 lakh tonnes of wheat will collectively reduce the market price of wheat. and wheat products to consumers,” the statement said.