FCI to sell 65-75 Lakh MT wheat in Open Market during 2016-17

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Capital Market
Last Updated : Jul 30 2016 | 12:01 AM IST
FCI sells wheat and rice in the open market under Open Market Sale Scheme (OMSS) (Domestic) through e-tender. For the year 2016-17, a target of 65-75 Lakh Metric Ton (LMT) has been set for sale of wheat by FCI out of Central Pool under the OMSS (D). A target of 20 lakh MT of Grade 'A' rice has also been kept for sale under OMSS (D) during 2016-17. A quantity of 8.81 LMT of wheat and 0.26 LMT of rice have been sold under OMSS (D) as on 27 July 2016.

GOI has already made an additional allocation of 12.99 LMT wheat and 6.66 LMT rice over and above the Targeted Public Distribution System (TPDS)/ National Food Security Act (NFSA) allocations as drought relief during 2016-17. GOI has also made adhoc additional allocations to States/UTs to meet out their additional requirement as well as to release surplus stock of foodgrains held in the Central Pool.

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First Published: Jul 29 2016 | 4:48 PM IST

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