The Food Corporation of India (FCI) will offload 30 LMT wheat from the Central pool stock to the market through various routes under the Open Market Sale Scheme (Domestic).
Offloading of 30 LMT wheat in the market through OMSS (D) scheme within a span of two months through multiple channels will have a wider reach as well as an immediate impact on the soaring Wheat and Atta prices and will help contain the rising prices and will bring much relief to the common man.
To address the rising price of wheat and Atta in the country, a Group of Ministers headed by Home Minister Sri Amit Shah met today and discussed the buffer stock position of the Country.
In order to have a quick impact on the rising prices, the following options to offload wheat to the market were approved by the Committee of Ministers (CoM):
It is decided that the Food Corporation of India will offload wheat to within the next two months to the market for immediate impact on the rising wheat and Atta prices.
FCI will start the process of E-auction of stocks immediately, throughout the country from January to March 2023.