The government on Monday gave the rice sector instructions to quickly lower grain prices due to plentiful supply. The food ministry announced reports of a sudden increase in margins received by wholesalers and retailers. This increase needs to be moderated. The announcement came after a meeting with members of the grain processing sector to discuss […]
In a proactive measure to enhance the availability of essential commodities in the open market and mitigate inflationary trends, the Food Corporation of India (FCI) has successfully conducted 25 e-auctions, resulting in the sale of 48.12 Lakh Metric Tons (LMT) of wheat under the Open Market Sale Scheme (Domestic). According to a press release by […]
Amid higher production estimates of wheat, a senior Food Corporation of India (FCI) official said on Friday that the government and private sector need to work together to ensure that prices remain stable. FCI Chairman and Managing Director Ashok Kumar Meena said that in view of better-than-expected wheat output, estimates and the government’s assurance to […]
Food Corporation of India (FCI) has sold 18.05 lakh tonne of wheat in open market after the government decided to augment the supply of foodgrain in the markets to contain the rising wheat and wheat flour prices. Of the sold wheat at three auctions that were held so far, about 11 lakh tonne of wheat […]
Food Corporation of India offered 22.0 lakh tonne of wheat out of 25 lakh tonne earmarked in the first e-auction through the open market sale that took place during Wednesday-Thursday. Of which, a quantity of 9.2 lakh tonne was sold across the country, according to a government release on Friday. In the e-auction, more than […]
