5.40 LMT of wheat has been sold to 1049 bidders in 23 states in 4th e-auction by Food Corporation of India

In the fourth e-auction conducted by FCI, a total of approximately 5.40 LMT was sold to 1049 bidders across 23 states. The average selling price for all of India, calculated as a weighted average, was Rs. 2193.82 per quintal, while the stocks were sold at an average reserve price of Rs. 2137.04 per quintal. The maximum demand was for quantities ranging from 100 to 499 MT, followed by 500-999 MT, with some bids for a maximum quantity of 3000 MT. With the latest auction, the cumulative quantity sold reached around 23.47 LMT, which is about half of the overall allocation of 45 LMT.