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Wheat News - Sale of 25 LMT Wheat starts from February 1, 2023 under Open Market Sale Scheme (Domestic)
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Sale of 25 LMT Wheat starts from February 1, 2023 under Open Market Sale Scheme (Domestic)

Twenty-Five Lakh MTs of wheat are offered for sale starting from the first week of February (1st February 2023) under OMSS (D) for which tenders will be uploaded by the Regional Offices of Food Corporation of India (FCI) today.

Buyers willing to purchase wheat stocks may get empaneled themselves with FCI’s e-auction Service Provider “m-Junction Services Limited”     (https://www.valuejunction.in/fci/) and bid for Stocks. The empanelment process would be completed within 72 hours for any party who wishes to register their name.

Stocks are offered from all States of the Country to ensure that the rising prices are controlled immediately.

To address the rising price of wheat and Atta in the country, it was decided that FCI will make available 30 LMT wheat in the market through various routes under the Open Market Sale Scheme (Domestic). FCI has started the process of E-auction of stocks within 24 hours of the announcement of this scheme, throughout the country.

Offloading of 30 LMT wheat in the market through OMSS (D) scheme within two months through multiple channels will have a wider reach as well as an immediate impact on the soaring Wheat and Atta prices and will help contain the rising prices and will bring much relief to the common man.

FCI undertakes the movement of foodgrains throughout the country to intervene in the market for price stabilization of foodgrains.

Since its inception in 1965, FCI has made significant contributions to realizing the dream of making India a self-sufficient country in food. Today it procures around 1300 LMT foodgrains (wheat and paddy) annually against a mere 13 LMT procured during 1965.

It would be worth mentioning here that the procurement of food grains is not evenly spread over the country. While production in some states is highly surplus in terms of their requirements, the others are deficit either partially or fully. Hence, to make available foodgrains for the vulnerable section of society, in every corner of the country, FCI undertakes the movement of foodgrains on a mass scale. Around 600 LMT of foodgrains are moved annually to various corners of the country from major procuring states like Punjab, Haryana, Andhra Pradesh, Telangana, Chhattisgarh, Odisha, etc.

To facilitate the storage and movement of foodgrains, FCI operates around 2000 depots including about 500 of its depots throughout the country.  In terms of infrastructure, it has enhanced its storage capacity from 6 LMT in 1965 to more than 800 Lakh MT at present.