The food ministry on Friday requested that traders, wholesalers, retailers, large chain shops, and milers around the states reveal stock positions within a week in order to stop speculation and a jump in rice prices. “The domestic prices of rice are increasing despite a good crop this kharif, ample stocks with Food Corporation of India…
FCI expressed concern on Friday over the rising price of rice, stating that PDS rice is “extremely” good quality and advising traders to purchase the grain through the Open Market Sale Scheme (OMSS) to increase domestic supply and limit price increases. The Food Corporation of India (FCI) raised the bid quantity to 2,000 tons per…
This year, the government has sold 3.04 million tonnes (MT) of wheat to bulk buyers through the Food Corporation of India (FCI) under the open market sale system (OMSS) in an effort to lower prices. The government wants to increase domestic supplies by selling 10 MT of wheat through OMSS by March 31, 2024. By…
The government will soon sell 4 lakh tonnes of wheat and 5 lakh tonnes of rice from buffer stock to bulk buyers and dealers in the first round of auctions, despite the growing retail prices of commodities. These steps are a part of the Center’s comprehensive effort to reduce the rate of increase in the…
The deadline for Telangana to mill rice to order and deliver it to the central pool for the kharif season of 2021–2022 has not been extended by the center. The deadline for processing rabi paddy from the season of 2021–22 has been extended, though. In order to keep up with the increased procurement, it has…
The Center has dispatched a team to Punjab and Haryana to inspect the quality of wheat arriving at terminal markets (mandis) and procurement centers. It is possible that the Center would reduce the requirements for obtaining the cereal in the two States for the Central pool stocks. Before Monday, a decision to ease procurement standards…
The government has begun buying 10,727 metric tonnes of wheat for the Rabi marketing season 2023–2024 as opposed to buying nothing last year, the food ministry announced in a statement on Tuesday. The food ministry noted in a statement that “according to the most current reports from FCI field offices, the recent rains have not…
The government-owned Food Corporation of India (FCI) announced on Monday that it has temporarily ceased selling wheat at reduced prices through electronic auctions to large groups of people, organizations, and State governments because the purchase of the new crop will start next month. In accordance with the Open Market Selling Scheme (OMSS), the FCI sold…
As part of the government’s efforts to control wheat and atta prices, state-owned FCI intends to sell 10.13 lakh tonnes of wheat to large users in the sixth round of an online auction on Wednesday. In order to keep prices under control, the Center has announced the sale of 50 lakh tonnes of wheat in…
The Food Corporation of India (FCI) was able to cut the selling price of wheat by ₹1.70/kg on Wednesday during the third round of the electronic auction after lowering the reserve prices of wheat by ₹2/kg. There were sales of up to 5.07 lakh tonnes (lt). Government officials predicted that the retail market will soon…
