As a part of Government 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 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 organisations 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 Rs 27.50/Kg. 15337 MT wheat has been lifted by these three cooperative societies for further conversion into atta.
The traders are kept out from the ambit of wheat sale under OMSS (D) and 1917 random checks have been made across the country in order to avoid hoarding of stocks.
