The answer is here.

As a part of Govt of India's initiative for market intervention to control the retail price of rice, wheat, and atta, weekly e-auctions of both wheat and rice are organized. Result?

The 21st e-auction was held on 15.11.2023 wherein 3 LMT wheat and 1.79 LMT rice were offered under the 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 the 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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