Business Standard
Monday, May 28, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Govt yet to decide on wheat sale from buffer stock
Press Trust of India / New Delhi Oct 06, 2009, 16:18 IST

The government has not yet taken a decision on when to release wheat from the buffer stock for sale in the open market but is firm on not to allow export of the grain.     

When asked about the timing of the sale of wheat under the Open Market Sale Scheme (OMSS), Minister of State for Food and Agriculture K V Thomas said, "We are still discussing the mechanism of the wheat sale under the scheme as the flour millers have requested to change the tendering system."     

Speaking on the sidelines of the annual general meeting of the Roller Flour Millers Federation, Thomas said the government has decided to sell one million tonne (mt) of wheat under OMSS and it favours giving the grains to states.     

A high level ministerial panel has already allowed the Food Ministry to sell up to 3 mt of wheat from its reserves between October 2009 and March 2010.     

Under the OMSS, the Centre releases the foodgrain from its reserves to check the price rise.

Flour millers have been demanding that the government should sell the wheat from its reserves on 'first come, first serve' basis taking into account their requirement.     

Asked if there was a demand from states, the minister added the Centre has requested them to lift the foodgrain. Last year, states had lifted about 80,000 tonnes of wheat while the Centre had offered 1 mt of the foodgrain.

Speaking at the AGM, Thomas said the government has decided not to allow export of wheat.

"Keeping in view the likely reduced production of foodgrains in kharif 2009-10, there is a need to conserve stocks of foodgrains. Therefore, it is not found feasible to permit export of wheat," he said.

Thomas added that the proposed law on food security is being delayed as the Centre is yet to arrive at a consensus with states on the number of families below poverty line. He pointed out that some states have issued more BPL ration cards than the number of the poor families.     

The minister suggested the flour millers to go for value-added products instead of sticking to manufacture flour, maida and sooji (refined flour).     

He also asked them to work with the Central Warehousing Corporation (CWC) to augment the storage facilities in the country. Pointing to bad management in Food Corporation of India (FCI), Thomas added he had to intervene after finding that godown full of wheat was stored with FCI in Calicut whereas people in Kerala prefer to eat rice.     

Speaking on the occasion, the flour millers' association President M K Dattaraj demanded relaxation in fumigation norms for imported wheat. He also suggested that the government appoint their representatives in various committees.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets maintain momentum
- Alstom T&D India rises on fresh order from MSETCL
- Two Akash missiles test-fired in Odisha
- Bharat Forge Q4 net tanks 45% at Rs 55 cr
- India to provide $500mn line of credit to Myanmar
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NRIs likely to be allowed to invest through new route
- RIL wants import-parity price for its gas
- Renu Kohli: Rupee: depreciated tactics
- Gold imports fall 32% on strict govt measures
- Mobile handset companies bet on Indian app makers
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us