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FCI boosts market supply with E-Auctions of Wheat, Rice
The Business Guardian
|December 18, 2023
In a proactive measure to enhance the availability of essential commodities in the open market and mitigate inflationary trends, the Food Corporation of India (FCI) has successfully conducted 25 e-auctions, resulting in the sale of 48.12 Lakh Metric Tons (LMT) of wheat under the Open Market Sale Scheme (Domestic).
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According to a press release by the Ministry of Consumer Affairs, Food and Public Distribution, the strategic move aligns with the government’s directives to ensure a steady supply of wheat and rice, not only for the Public Distribution System (PDS) but also for effective market intervention.
As of December 14, 2023, the central pool stock of food grains stands at 181.79 LMT of wheat and 182.86 LMT of rice, totalling 364.65 LMT.
Denne historien er fra December 18, 2023-utgaven av The Business Guardian.
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