Govt’s wheat sales in open market ends as new crop arrives, prices are still high
The government has ended the open market sale of wheat for this year, opting not to issue a new tender. Since December 4, 2024, the FCI sold 2.97 mt of wheat out of 3 mt offered under OMSS, significantly lower than the 10 mt sold in 2023-24.
The open market sale of wheat from the official stock has ended this year as the government has decided not to float any new tender as the weekly schedule was for Friday. Through the weekly e-auction that started from December 4, 2024, the Food Corporation of India (FCI) has been able to sell 2.97 million tonnes (mt) of wheat out of 3 mt offered under open market sales scheme (OMSS), whereas it had sold nearly 10 mt in 2023-24 fiscal.
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Source : The Hindu Business line
