Ministry of Consumer Affairs, Food & Public Distribution
2334 bidders buys 2.84 LMT wheat and 5830 MT rice during 21st e-auction under Open Market Sale Scheme (Domestic)
Posted On: 16 NOV 2023 1:29PM by PIB Delhi
As a part of Govt of India initiative for market intervention to control the retail price of rice, wheat and atta, weekly e auctions of both wheat and rice are organized. The 21th e-auction was held on 15.11.2023 wherein 3 LMT wheat and 1.79 LMT rice was offered under Open Market Sale Scheme (Domestic) and 2.84 LMT wheat along with 5830 MT rice was sold to 2334 bidders.
The weighted average selling price was Rs. 2246.86/qtl for FAQ wheat against the reserve price of Rs. 2150/qtl Pan India whereas weighted average selling price of URS wheat was Rs. 2232.35/qtl against the reserve price of Rs. 2125/qtl.
In addition to the above, 2.5 LMT wheat has been allocated to Semi-Government and cooperative organizations like Kendriya Bhandar / NCCF / NAFED under OMSS (D) for converting said allocated wheat to atta and offer it for sale to the public under ‘Bharat Atta’ brand at an MRP not exceeding ₹ 27.50/Kg. Till 14.11.23, 15337 MT wheat has been lifted by these 3 Cooperative societies for further conversion into atta.
The traders are kept out from the ambit of wheat sale under OMSS (D) and till 14.11.23, 1917 random checks have been made across the country in order to avoid hoarding of stocks.
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