2.84 LMT Wheat, 5830 MT Rice Sold During 21st E-Auction Under Open Market Sale Scheme (Domestic)
During the 21st e-auction under the Open Market Sale Scheme (Domestic), a total of 2,334 bidders acquired 2.84 lakh metric tons (LMT) of wheat and 5,830 metric tons (MT) of rice.
As a part of the Government of India’s initiative for market intervention to control the retail price of rice, wheat, and atta, weekly e-auctions of both wheat and rice are organized.
The 21st e-auction was held on November 15, 2023, wherein 3 LMT wheat and 1.79 LMT rice were offered under the Open Market Sale Scheme (Domestic) and 2.84 LMT wheat along with 5830 MT rice was sold to 2334 bidders.
The weighted average selling price was Rs. 2246.86 per quintal for FAQ wheat against the reserve price of Rs. 2150 per quintal Pan India whereas the weighted average selling price of URS wheat was Rs. 2232.35 per quintal against the reserve price of Rs. 2125 per quintal.
In addition to the above, 2.5 LMT wheat has been allocated to Semi-Government and cooperative organizations like Kendriya Bhandar / NCCF / NAFED under OMSS (D) for converting said allocated wheat to atta and offer it for sale to the public under 'Bharat Atta' brand at an MRP not exceeding Rs 27.50 per Kg.
Till November 14, 2023, 15337 MT wheat has been lifted by these 3 Cooperative societies for further conversion into atta.
The traders are kept out from the ambit of wheat sale under OMSS (D) and till November 14, 2023, 1917 random checks have been made across the country in order to avoid hoarding of stocks.
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