NEW DELHI: The federal government on Thursday mentioned it has offered 2.84 lakh tonnes of wheat and 5,830 tonnes of rice from its buffer inventory to 2,334 bidders via an e-auction as a part of efforts to regulate retail costs by offloading meals grains within the open market. In an official assertion, the meals ministry mentioned that the twenty first e-auction was held on November 15, whereby 3 lakh tonnes of wheat and 1.79 lakh tonnes of rice had been supplied below Open Market Sale Scheme (OMSS) Home.
The ministry mentioned that 2.84 lakh tonnes of wheat together with 5,830 tonnes of rice had been offered to 2,334 bidders.
As a part of the central authorities initiative for market intervention to regulate the retail value of rice, wheat and atta, weekly e-auctions of each wheat and rice are carried out by the federal government.
The Meals Company of India, the federal government’s nodal company for procurement and distribution of meals grains, is offloading wheat from its buffer inventory below OMSS.
The ministry mentioned the weighted common promoting value was Rs 2,246.86 per quintal for Honest Common High quality (FAQ) wheat towards the reserve value of Rs 2,150 per quintal pan India whereas weighted common promoting value of Beneath Relaxed Specification (URS) wheat was Rs 2,232.35 per quintal towards the reserve value of Rs 2,125 per quintal.
Furthermore, 2.5 lakh tonnes of wheat have been allotted to semi-government and cooperative organisations like Kendriya Bhandar, NCCF, NAFED below OMSS (D) for changing wheat to atta and provide it on the market to the general public below ‘Bharat Atta’ model at a Most Retail Value (MRP) not exceeding Rs 27.50 per kilogram, the ministry mentioned.
Until November 14 this yr, 15,337 tonnes wheat have been lifted by these three cooperative societies for additional conversion into atta.
Merchants are saved out of the ambit of wheat sale below OMSS (D) and until November 14, 1,917 random checks have been made throughout the nation so as to keep away from hoarding of shares.
The ministry mentioned that 2.84 lakh tonnes of wheat together with 5,830 tonnes of rice had been offered to 2,334 bidders.
As a part of the central authorities initiative for market intervention to regulate the retail value of rice, wheat and atta, weekly e-auctions of each wheat and rice are carried out by the federal government.
The Meals Company of India, the federal government’s nodal company for procurement and distribution of meals grains, is offloading wheat from its buffer inventory below OMSS.
The ministry mentioned the weighted common promoting value was Rs 2,246.86 per quintal for Honest Common High quality (FAQ) wheat towards the reserve value of Rs 2,150 per quintal pan India whereas weighted common promoting value of Beneath Relaxed Specification (URS) wheat was Rs 2,232.35 per quintal towards the reserve value of Rs 2,125 per quintal.
Furthermore, 2.5 lakh tonnes of wheat have been allotted to semi-government and cooperative organisations like Kendriya Bhandar, NCCF, NAFED below OMSS (D) for changing wheat to atta and provide it on the market to the general public below ‘Bharat Atta’ model at a Most Retail Value (MRP) not exceeding Rs 27.50 per kilogram, the ministry mentioned.
Until November 14 this yr, 15,337 tonnes wheat have been lifted by these three cooperative societies for additional conversion into atta.
Merchants are saved out of the ambit of wheat sale below OMSS (D) and until November 14, 1,917 random checks have been made throughout the nation so as to keep away from hoarding of shares.
