Nearly 100% offtake in FCI’s first wheat open market sale this fiscal
The government’s offer to sell 1 lakh tonnes (lt) of wheat from official reserves in the first round of weekly e-auction under the Open Market Sales Scheme (OMSS) witnessed 1,501 processors successfully bidding for 98,700 tonnes of the grain
The government’s offer to sell 1 lakh tonnes (lt) of wheat from official reserves in the first round of weekly e-auction under the Open Market Sales Scheme (OMSS) witnessed 1,501 processors successfully bidding for 98,700 tonnes of the grain, The tender floated by the Food Corporation of India (FCI) showed that the price-sensitive commodity market was waiting for the sale given the high market rates.
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Source : The Hindu Businessline