FCI sells 97% wheat in e-auction, average selling price up
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Photo By Agrihunt
The off take of wheat in the sixth round of e-auction on Wednesday, as part of the Centre’s Open Market Sale Scheme (OMSS) to tame rising foodgrain prices, witnessed sales of 97 per cent of the 1.09 lakh tonnes (lt) on offer. However, there was an increase of ₹26/quintal in the selling price from the previous week’s auction.
The highest price in the auction was recorded ₹2,500/quintal in West Bengal and Maharashtra. In Madhya Pradesh, it fetched ₹2,430, In Gujarat ₹2,410, in Jharkhand ₹2,405, in Odisha ₹2,400 and in Uttarkhand ₹2,350, trade sources said pointing to the demand-driven price realisation in the auction in these States whereas in Karnataka the highest price was ₹2,275/quintal and in Kerala it was ₹2,320/quintal.
