Sufficient wheat stock available to undertake market interventions: Centre
Today, a Committee of Ministers meeting chaired by the Union Minister of Home Affairs and Cooperation reviewed wheat stocks and prices. The government has procured 266 LMT of wheat for RMS 2024, slightly up from 262 LMT in RMS 2023. With 184 LMT needed for PDS and welfare schemes, there is sufficient stock for market interventions. The Minister directed officials to monitor wheat prices closely and implement suitable policy measures for price stability.
A meeting of the Committee of Ministers was held here today under chairmanship of Union Minister of Home Affairs and Cooperation to review the prices of essential commodities.
The position of wheat stocks and prices was taken up for detailed discussion. Approximately 266 LMT of wheat has been procured till 18.06.2024 in RMS 2024, against a procurement of 262 LMT in RMS 2023. After meeting the requirement for PDS and other Welfare Schemes, which is approximately 184 LMT, sufficient stock of wheat is available to undertake market interventions, as and when required.
The Union Minister directed that a close watch may be kept on the prices of wheat and suitable policy interventions to be undertaken to ensure price stability for the consumers of the country.
Source Link: https://www.chinimandi.com/sufficient-wheat-stock-available-to-undertake-market-interventions-centre/
