100 Lakh MT wheat for Open Market Sale to contain prices

The Government has allocated 100 Lakh MT of wheat for sale through weekly e-auctions to Bulk Consumers/Private Traders under Open Market Sale Scheme Domestic [OMSS(D)] up to 31.03.2015 (including delivery period). Against the said allotment, a quantity of 38.67 lakh tonnes of wheat has been confirmed for sale during the year 2014-15 upto 19.02.2015 at an average price Rs. 1614.40/- per Qtl.

The States of Punjab, Haryana and Madhya Pradesh, the reserve price of wheat has been kept at Rs. 1500 per quintal for wheat stock of crop-years upto 2013-14 and Rs. 1570 per quintal for wheat stock of RMS 2014-15. For depots of FCI located outside Punjab, Haryana and Madhya Pradesh, the depot wise reserve price of wheat is to be arrived by adding railway freight from Ludhiana to the nearest railhead and road transportation cost from such railhead to the depot, to the crop year-wise reserve price for Punjab/Haryana/MP.

Price of Wheat sold under OMSS(D) scheme is fixed by the Government taking into account the prevailing market situation, trend of inflation and need of liquidation of surplus stock available under Central Pool without distorting the market too much. Rate of wheat products is not regulated by the Government.

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