No need for wheat open market sale as supplies comfortable: Food Secretary
Food Secretary Sanjeev Chopra stated there is no need to sell wheat under the Open Market Sale Scheme (OMSS), citing stable prices and sufficient supply. Despite a 5% rise in retail wheat prices over the past month, the government sees no immediate need to intervene, as FCI stocks remain adequate.
Food Secretary Sanjeev Chopra on Thursday said there is no need to sell wheat from government stocks under the Open Market Sale Scheme (OMSS) as supplies are adequate and prices are stable.
His comments came amid speculation in trade circles that the OMSS might be reintroduced now that the wheat procurement season has ended, to cool down retail prices, which have risen by more than 5 per cent in the past month.
The government operates the OMSS to regulate wheat supply and prices by selling surplus stocks from the central pool, managed by the Food Corporation of India (FCI), directly
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Source : Business Standard
