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Home » India cuts wheat sale reserve price to cool market
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India cuts wheat sale reserve price to cool market

Business Circle TeamBy Business Circle TeamFebruary 11, 2023Updated:August 21, 2025No Comments3 Mins Read
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India cuts wheat sale reserve price to cool market
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The Centre has determined to lower the reserve value of wheat by asserting to provide it at ₹23/kg and ₹23.50/kg uniformly all throughout the nation, in a main determination to cool off wheat costs forward of procurement season. This is with out including any transportation value. Earlier, the freight value from both Bhopal or Ludhiana to the depot was getting added to the value, making it up to ₹3/kg larger

“As a way to scale back the worth of wheat and atta, the Division of Meals and public distribution in session with the Ministry of Finance, has determined that the reserve value for the sale of wheat underneath OMSS will probably be ₹2,350/quintal (pan India) for FAQ (honest common high quality) and ₹2,300/quintal (pan India) for URS (underneath relaxed specification) of all crops together with rabi advertising season 2023-24 with out including any transportation value part,” an official assertion mentioned on Friday. This can assist to provide wheat to normal public in numerous elements of the nation at an inexpensive value, it mentioned.

The reserve costs had been mounted at ₹2,300/quintal for the URS class and ₹2,350/quintal for FAQ, ex-Ludhiana and ex-Bhopal.

As well as, the States are allowed to buy wheat from FCI for their very own scheme at above reserve costs with out taking part in e-auction, it mentioned.

Concessional charges for NCCF, NAFED

The Meals Ministry additionally lower the speed of wheat to ₹21.50/kg from ₹23.50/kg on the market to NCCF/NAFED/Kendriya Bhandar/States in addition to group kitchen /charitable/NGO engaged in aid operations/ operating aid camps for migrant labourers/susceptible teams.

This concessional fee for NCCF/NAFED/ Kendriya Bhandar/States will probably be relevant with the stipulation that they may convert wheat to atta and provide it to public at an MRP not exceeding ₹27.50/kg.

FCI has bought 9.26 lakh tonnes of wheat out of 25 lt to merchants, flour mills within the first e-auction held on February 1-2, 2023.

“After the announcement of the OMSS Coverage, the federal government has noticed that the market costs of wheat are nonetheless very excessive. It has additionally been noticed that because of the inclusion of freight costs in base costs for public sale underneath OMSS, the public sale charges in States, that are away from Punjab, Haryana and Madhya Pradesh, are very excessive, particularly in North-East, Japanese and Southern areas,” the Ministry mentioned.

In a press release final week, the Meals Ministry mentioned the second sale of wheat by e-auction will probably be held all through the nation on February 15, 2023. Additionally, the Meals Company of India (FCI) on Friday night time directed all its zonal workplaces and depots to postpone the importing of tender notification scheduled for February 3 to February 10, apart from altering the the e-auction date.

The weighted common fee of ₹2,474/quintal was realised by FCI within the public sale for which the company would obtain ₹2,290 crore, the Ministry mentioned.

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Published on February 10, 2023





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