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…
To further lower prices, the government on Tuesday declared it would release an additional 20 lakh tonnes (lt) of wheat into the market through the open market sale system (OMSS). The notification is made one day before the following round of wheat auctions to sell 11.72 lt. As of now, it has been determined to…
Of the 15.25 lt of wheat available for sale in the open market by the Food Corporation of India (FCI), 3.85 lt had already been sold. This is 25% of the offer in the February 15th electronic auction’s second round. The second round’s weighted average price was 2,338.01/quintal, according to a statement released by the…
According to the chairman of the Food Corporation of India (FCI), the government body that buys grains from farmers at the minimum support price, 42% of the wheat the government sold in the open market through its first tender last week was purchased by flour mills that create atta and maida. Wheat processors anticipate that…
The Food Corporation of India (FCI) has chosen to launch the first tender on Friday, one day after the central government made the decision to sell 3 million tonnes (mt) of wheat that was in official reserves on the open market. The actual online auction could happen on February 1. According to sources in the…
The government has been requested by rice exporters to relax limitations on the export of non-basmati rice by eliminating the 20 percent export levy on white (raw) rice and permitting the transport of one million tonnes (mt) of broken rice. The Centre must evaluate the Food Corporation of India’s purchase of paddy cultivated in the…
