Second auction of Wheat on February 15th, 2023

The second sale of wheat through e-auction will be held throughout the country on 15 February Wednesday, 2023. Food Corporation of India (FCI) has issued direction to all the winning bidders of the first e-auction held on 1 and 2 February to remit the cost and lift the stock immediately from concerned depots across the country and make the same available in respective markets to further contain the prices. To address the rising price of Wheat and Atta in the country, as per the recommendation made by the Group of Ministers, the Food Corporation of India offered 22.0 LMT out of 25 LMT Wheat stock earmarked for e-auction wheat from the Central pool stock to the market through various routes under the Open Market Sale Scheme (Domestic) in the e. auction on 1 and 2 February 2023. In the e-auction, more than 1150 bidders came forward for participation in the first week and a quantity of 9.2 LMT was sold across the country.