15.05 lakh ton wheat and rice sold in open market till Nov 20: Govt

Topics wheat MSP | Wheat production | FCI

The government, which is sitting on a huge stock of over 600 lakh tonnes of foodgrain, has sold 15.05 lakh tonnes of wheat and rice in the open market so far this fiscal, Parliament was informed on Tuesday.

In a written reply to the Lok Sabha, Minister of State for Food Danve Raosaheb Dadarao said about 8.99 lakh tonnes of wheat and 6.06 lakh tonnes of rice has been sold through the open market sale scheme (OMSS) till November 20 of this year.

The government, through the Food Corporation of India (FCI), sells wheat and rice to bulk consumer/traders/state governments from the central pool at pre-determined prices in the open market from time to time through e-tender to enhance the supply in lean season and check prices.

It aims to sell 100 lakh tonnes of wheat and 50 lakh tonnes of rice under OMSS during the ongoing 2019-20 fiscal.

In 2018-19 financial year, the government had sold 90.30 lakh tonnes of foodgrain, comprising 81.84 lakh tonnes of wheat and 8.46 lakh tonnes of rice.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel