Food Corporation of India to sell 10 million tonne of wheat to bulk consumers this fiscal


Date & Time: 2019-05-07 04:18:03

Saddled with huge stock, state-run FCI has decided to sell 10 million tonne of wheat to bulk consumers this fiscal, over 40 per cent more than the previous year, according to a government order. The government is offering wheat at a base price of Rs 2,080 per quintal for three main wheat-producing states -- Punjab, Haryana and Madhya Pradesh, while for other states the freight charges at Ex-Ludhiana will be added to the base rate. The Food Corporation of India (FCI), the government’s nodal agency for procurement and distribution of grains, will sell wheat through an e-auction under the open market sale scheme (OMSS) throughout the fiscal except during procurement period in wheat growing states