HAFED will conduct an online open market tender for 67,000 tonnes of wheat

The 67,363.62 tonnes of wheat that the Haryana State Cooperative Supply and Marketing Federation (HAFED) commercially purchased from Haryana and Madhya Pradesh during the previous harvesting season (April–June) are now up for sale. It will this time be offered for sale online. The NCDEX e Markets (‘NeML’), Star Agribazaar Technology (‘Agribazaar’), and E­ Tech Innovative Service Private Limited platforms would be used to conduct online bidding and e­auctions, according to a posting on HAFED’s website.

A total of 40,395.06 tonnes will be sold in Madhya Pradesh, where the stocks are located in Ujjain, Indore, Dewas, Vidisha, Ganj-Basoda, Sehore, and Bhopal. Of the total quantity to be auctioned, 26,968.56 tonnes are accessible at various locations in the Fatehabad district of Haryana. It said that the base price or reserve price for each lot will be announced at the time of the e-auction. “Bids received for less than the stipulated minimum quantity (200 tonnes) or real quantity, whichever is smaller, for a given lot and location shall not be considered,” it said.

After the Cabinet last week decided to end the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for the fourth quarter of the current fiscal and allowed the 81 crore beneficiaries under the National Food Security Act to get the ration free of cost until December 2023, the Centre will soon make a decision on the open market sale scheme (OMSS) of wheat during January to March.

According to a flour miller, the biggest concern will be the price at which FCI will sell the wheat because in the most recent HAFED tender, wheat was sold for $2,443.55/quintal. The expected cost of wheat for the Center in 2022­–2023 is 2,588.70. The flour miller stated, “If price control is the goal, there must be a uniform selling price across the nation and millers be instructed to lift from authorised depots.

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