Govt’s higher allocation of wheat under OMSS helps ease prices
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The government’s decision to increase the quantity of wheat offered under the weekly open market sales from 1.5 lakh tonnes (lt) to 4 lt has eased the grain’s wholesale prices over the past 10 days
The government’s decision to increase the quantity of wheat offered under the weekly open market sales from 1.5 lakh tonnes (lt) to 4 lt has eased the grain’s wholesale prices over the past 10 days. However, they are still above the Minimum Support Price (MSP) of ₹2,425/quintal for the current season. Procurement of wheat for buffer stocks will start next month in some States and from April 1 in other States.
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Source : The Hindu Business line
