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FCI Wheat Selling Price in India : The Modi government at the center has taken a concrete step to control the rising wheat prices across the country. In the country, 9.2 lakh metric tonnes of wheat has been sold in the open market through Wheat e-auction by the Food Corporation of India. Due to this, the public has started getting benefits directly. After this decision, the prices of wheat have registered a decline of more than 10 percent. Know what is the reason behind doing this….
E-auction of wheat held across the country
The quantity from 100 to 499 million tonnes has attracted maximum demand in the first week of e-auctions conducted by the Food Corporation of India (FCI) this week. This was followed by auctions for a demand of 500-1,000 million tonnes, followed by 50-100 million tonnes. Small and medium flour mills and traders have participated extensively in this auction.
9.2 lakh tonnes of wheat sold
So far in the first two days, 9.2 lakh tonnes of wheat has been sold to bulk users at an average rate of Rs 2,474 per quintal. Recently, the Center has decided to offload 3 million tonnes of wheat from the buffer stock in the open market under the Open Market Sale Scheme (OMSS). Out of which 25 lakh tonnes will be sold to bulk consumers, flour mills, 3 lakh tonnes to institutions like Nafed and the remaining 2 lakh tonnes to state governments.
Flour will be available for Rs 29.50 per kg
‘Bharat Atta’ will be available at the central store of the government at the rate of Rs.29.50 per kg. After reviewing the rising prices of flour, instructed to increase the supply of flour. Arrangements will be made to deliver flour to the people through mobile vans. A condition has been laid that from February 6, Nafed will sell flour at this rate. Along with this, it will be necessary to write the name and price of flour in bold.
FCI gave information
FCI Chairman Ashok K Meena had informed about this e-auction. He had said that the first auction will be held on February 1, which will run till March 15. Wheat will be offered with a reserve price of Rs 2,350 per quintal plus freight charges. A buyer can bid for a maximum quantity of 3,000 tonnes and a minimum of 10 tonnes. It is expected that small traders and small flour mill owners will take advantage of this opportunity.
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