Govt to resume wheat e-auction

WITH SLUGGISH OFFTAKE due to adequate private stock and prospects of a robust harvest, the Food Corporation of India (FCI) is likely to relaunch e-auction for open market sale of wheat after discontinuing it since early December.

- SANDIP DAS

Sources told FE that only 0.53 million tonne (MT) of wheat was offloaded in the market from the FCI's stocks during November and early December under the open market sale scheme (OMSS) against the target of 3 MT for FY26. Due to discouraging response from the flour millers, OMSS sales were discontinued. In FY25, the corporation had sold 3 MT of wheat in the markets from its surplus stock. Officials said that the corporation may sell over 2 MT of wheat in FY26.