India fixes wheat reserve price for open market sale at ₹2,300/quintal
The Indian government has announced the Open Market Sale Scheme (OMSS) policy, fixing the reserve price of wheat at ₹2,300 per quintal and rice at ₹2,800 per quintal. Unlike last year, transport costs will be added to the reserve price, varying the rate across the country. This move aims to control rising prices and offload excess grain stocks. The scheme will help private bulk buyers like millers, while also considering stock allocation for PDS and buffer norms.
The Indian government has announced the open market sale scheme (OMSS) policy under which the reserve price of wheat has been fixed at ₹2,300 per quintal and rice at ₹2,800 per quintal. This time, the Government has said transport costs will be added to the reserve price, unlike last year when there was one rate across the country.
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