Margin of cooperatives may rise to ₹10/kg to convert Bharat atta from FCI wheat after cut in issue price
The Union government has reduced the cost of wheat supplied to cooperative agencies such as Nafed, NCCF and Kendriya Bhandar to ₹1,715/quintal from ₹2,150 by agreeing to bear a subsidy of ₹435/quintal. However, there is no order yet on whether maximum retail price (MRP) of “Bharat atta”, processed from the wheat supplied by Food Corporation of India (FCI), will also see a reduction from current ₹27.50/kg, implying it is unlikely.
In an order issued by Food Ministry to FCI, it has been mentioned that the Committee of Ministers (COM), headed by Home Minister Amit Shah has approved a subsidy of ₹435/quintal on the reserve price of wheat of ₹2,150 allocated for Bharat Atta to make the effective issue price of wheat by FCI to central agencies at ₹1,715. “Necessary resources to cover the differential amount may be provided to FCI from the Price Stabilisation Fund,” the order said……..
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