Govt raises bid quantity to 200 tonne under OMSS wheat to stabilise prices

The government on Friday increased the bid quantity under the open market sale scheme for wheat offered from the central pool to 200 tonne with effect from November 1 as part of efforts to further stabilise prices of wheat and wheat flour.
To boost supply of wheat in the domestic market, bulk buyers like flour millers, and small traders can now bid for 200 tonnes in e-auction as against 100 tonnes currently under Open Market Sale Scheme (OMSS).
Food Corporation of India, the government’s nodal agency for procurement and distribution of foodgrains, is offloading wheat from its buffer stock under the OMSS.
Consequently, the total quantity offered per e-auction across the country has also been increased from 2 lakh tonne to 3 lakh tonne, the statement said.
The increase in the bid quantity is aimed at enhancing the availability of wheat in the open market and to further stabilise the prices of wheat, it said.
State-owned Food Corporation of India (FCI) is selling wheat and rice from

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