It is the responsibility of the government to keep the prices of wheat and flour under control. Now as we all know, the increase in food prices is being seen. For this, the government has sold 3.46 lakh tonnes of wheat and 13,164 tonnes of rice in the open market to reduce prices. However, it is planned to launch 5 lakh tonnes and food grains in the market, so that prices can be kept under control. Increasing inflation of food items has increased the concern of the government. To maintain adequate availability in the market, the government has launched about 4 lakh tonnes of wheat and rice in the open market. At the same time, preparations are currently going on to take 5 lakh tonnes of grains and unload them. It is being said that by the second week of January, these food grains will be launched in the open market.
The central government is providing food grains procurement and distribution nodal agency in the open market through the Food Corporation of India (FCI). Under efforts to control retail prices, wholesale consumers have sold 3.46 lakh tonnes of wheat and 13,164 tonnes of rice this week through e-auction. Last year, rice sales were 3,300 MT.
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In the 26th e-auction, 4 lakh tonnes of wheat and 1.93 lakh tonnes of rice were sold to wholesalers, after which 3.46 lakh tonnes of wheat and 13,164 tonnes of rice were sold to wholesalers . The average price of wheat has been fixed at Rs 2,178.24 per quintal. At the same time, rice was sold at an average price of Rs 2905.40 per quintal.
The central government is selling wheat and rice from its buffer stock to control retail prices under the Open Market Sales Scheme (OMSS). The government has allocated 101.5 lakh tonnes of wheat for sale under the OMSS by March 2024. The central government has said that the government will continue the weekly e-auction of both wheat and rice to curb retail prices of rice, wheat and flour. Under this, there is now a plan to launch about 5 lakh tonnes of wheat and rice in the open market by the second week of January 2024.