FCI sells 2.84 lakh tonnes of wheat at average ₹2,234/quintal in latest e-auction
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The government, through the Food Corporation of India (FCI), sold 2.84 lakh tonnes (lt) of wheat in the open market sale scheme through e-auction on November 15, which is about 95 per cent of 3 lt of total quantity offered for sales to the processors. After raising the offered quantity in the auction, the government has been able to lower the selling rates of wheat.
Against the reserve price of ₹2,127/quintal in the e-auction, weighted average selling price was ₹2,234, which is lower from ₹2,252 in the previous week, sources said….
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