Union govt plans to release 15-20 lakh tons of wheat from FCI to contain rising prices in 2023
2 years, 3 months ago

Union govt plans to release 15-20 lakh tons of wheat from FCI to contain rising prices in 2023

India TV News  

Rising retail prices: In an attempt to contain rising retail prices under the Open Market Sale Scheme, the Union government is planning to release 15-20 lakh tonnes of wheat from the Food Corporation of India stock for bulk consumers like flour millers in 2023. Under the OMSS policy, the government permits the state-run FCI to occasionally sell foodgrains, particularly wheat and rice, to wholesale customers and independent merchants in the open market at pre-determined prices. "The nodal Food Ministry has moved an OMSS policy for 2023 for wheat and the plan is to release 15-20 lakh tonnes from the FCI for bulk users under the OMSS," an official source said. Flour millers demand to offload wheat stocks Even the flour millers have demanded the government offload wheat stocks from the FCI godowns to meet the shortage in the open market which has pushed up both wholesale and retail prices of wheat and wheat flour.

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