Govt to sell additional 5 million tonnes of wheat, 2.5 million tonnes of rice in open market to contain price rise
1 year, 7 months ago

Govt to sell additional 5 million tonnes of wheat, 2.5 million tonnes of rice in open market to contain price rise

Firstpost  

The government has decided to offload 50 lakh tonnes wheat and 25 lakh tonnes wheat under the Open Market Sale Scheme, Food Secretary Sanjeev Chopra said The Indian government has announced its decision to sell additional 5 million tonnes of wheat and 2.5 million tonnes of rice from the central pool in the open market to contain the rise in prices of the food grains. “There has been a sharp increase in prices of wheat and rice recently… The government has decided to offload 50 lakh tonnes wheat and 25 lakh tonnes wheat under the Open Market Sale Scheme,” Food Secretary Sanjeev Chopra told the media on Wednesday. Chopra further informed that the recent decision to sell the food grains in open market is over and above the 15 lakh tonnes of wheat and 5 lakh tonnes of rice sale under the OMSS announced a few months ago. He further said till now, about 7 lakh tonnes of wheat has been sold through e-auction under the OMSS, while sale of rice has been negligible.

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History of this topic

Centre cuts wheat stock limits until March to curb hoarding, stabilize prices
1 month ago

Centre cuts wheat stock limits until March to curb hoarding, stabilize prices

Live Mint  

New Delhi: As part of its ongoing efforts to regulate supply and curb price volatility, the government on Thursday revised wheat stock limits for traders, retailers, and chain store retailers, tightening the cap until 31 March. Similarly, big chain retailers, previously allowed to stock 5 tonnes per outlet, can now stock only 4 tonnes of wheat, with an overall cap …

Tamil Nadu seeks nine lakh tonnes of rice additionally from the Centre
1 month, 3 weeks ago

Tamil Nadu seeks nine lakh tonnes of rice additionally from the Centre

The Hindu  

The Tamil Nadu Civil Supplies Corporation has sought from the Food Corporation of India allocation of nine lakh tonnes of rice for meeting the shortfall in its requirements. Tamil Nadu is in need of additional allocation as it supplies, on an average, one lakh tonnes of rice per month free of cost to Non Priority Household cardholders too. The National …

FCI’s open market sale of wheat and rice to increase availability and control prices
1 month, 3 weeks ago

FCI’s open market sale of wheat and rice to increase availability and control prices

The Hindu  

Food Corporation of India has undertaken the sale of wheat and rice in the open market as per the directions of the Department of Food and Public Distribution to increase the availability of wheat and rice in the open market and to control the prices of wheat, rice, and flour. Under the Open Market Sale Scheme for Domestic Purpose scheme, …

‘Wholesale rice prices likely to go down by February’
2 months ago

‘Wholesale rice prices likely to go down by February’

The Hindu  

With the prices of paddy going down this year as compared to last year, rice millers say this will augur well for consumers. “Wholesale rice prices should go down by ₹3-4 per kilo by February when the milled rice reaches the markets. This should also reflect in retail prices where the decrease would most likely be by ₹1–2 per kilo,” …

Govt cuts reserve price of rice for OMSS to ₹2,250/quintal
2 months ago

Govt cuts reserve price of rice for OMSS to ₹2,250/quintal

Live Mint  

In a move to enhance food security and boost ethanol production, Union food and consumer affairs minister Pralhad Joshi announced a revision to the Open Market Sale Scheme Policy for 2024-25. The updated policy, announced on 17 January, sets a reserve price of ₹2,250 per quintal for rice sold to state governments, state corporations, and community kitchens, without the need …

Government reduces FCI rice price by Rs 550 per quintal under open market sale scheme
2 months ago

Government reduces FCI rice price by Rs 550 per quintal under open market sale scheme

India TV News  

In a significant move, the government has slashed the price of rice procured by the Food Corporation of India by Rs 550 per quintal. The new price, set at Rs 2,250 per quintal, will benefit state governments and ethanol manufacturers under the Open Market Sale Scheme, according to a statement from the Ministry of Food and Public Distribution. The revised …

Govt to e-auction 25 LMT wheat to stabilise open market prices
3 months, 3 weeks ago

Govt to e-auction 25 LMT wheat to stabilise open market prices

Live Mint  

The government has decided to offload 25 lakh metric tonnes of wheat under the Open Market Sales Scheme 2024, a move that is aimed at moderating wheat prices in the open market. The ministry of consumer affairs, food & public distribution has directed the Food Corporation of India to offload 25 LMT of wheat and conduct the sale via e-auctions, …

Indian wheat prices hit record high on strong demand, supply crunch
4 months, 1 week ago

Indian wheat prices hit record high on strong demand, supply crunch

Deccan Chronicle  

Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday.The record prices are likely to lift retail inflation that surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes …

Karnataka: FCI ready to supply rice, beneficiaries to get five kg more
7 months ago

Karnataka: FCI ready to supply rice, beneficiaries to get five kg more

New Indian Express  

BENGALURU: Below Poverty Line cardholders are likely to get 5 kg of rice more instead of Rs 170 cash being given to them as the Food Corporation of India is ready to supply 2.36 lakh tonnes of rice for the state government’s Anna Bhagya scheme. The state government’s request to supply rice for its Anna Bhagya scheme was rejected by …

States allowed to buy rice from FCI without e-auction at Rs 2,800/quintal
7 months, 2 weeks ago

States allowed to buy rice from FCI without e-auction at Rs 2,800/quintal

New Indian Express  

NEW DELHI: The Centre has allowed state governments to directly buy rice from the Food Corporation of India without participating in e-auction. “States can buy rice from the Food Corporation of India without participating in e-auction at Rs 2,800 per quintal under the open market sale scheme,” said Pralhad Joshi, Union Minister of Consumer Affairs, Food and Public Distribution. After …

Centre to resume rice sale to states, pvt traders
8 months, 2 weeks ago

Centre to resume rice sale to states, pvt traders

Hindustan Times  

The Centre will resume sale of federally-held rice to states, which had been discontinued in June last year, at the time sparking protests by Opposition-ruled state governments, apart from selling the staple to private traders, steps aimed at paring record inventories, a person aware of the development said. Centre to resume rice sale to states, pvt traders The move to …

India plans to reduce wheat import duty from July in a bid to cool prices
8 months, 3 weeks ago

India plans to reduce wheat import duty from July in a bid to cool prices

Live Mint  

India is set to resume wheat imports by lowering the duty on inbound shipments while also imposing stock limits on the grain, three officials said, in a new attempt to tame prices and boost supplies. Also this | Govt misses wheat procurement target for second consecutive year, procures 26.6 mt—28.7% lower than target “As per my understanding and discussions at …

Wheat procurement sufficient for food-security schemes: Govt
10 months, 3 weeks ago

Wheat procurement sufficient for food-security schemes: Govt

Hindustan Times  

The government’s procurement of wheat has crossed the minimum threshold quantity required to cater to all welfare schemes despite a delayed start, including distribution of free grains to nearly 800 million beneficiaries under the National Food Security Act, and authorities said they were on course to achieve grain-stocking targets for 2024. Procurement refers to purchases of grains by the Food …

FCI allows Punjab to use open plinths for wheat storage for the last time
11 months, 3 weeks ago

FCI allows Punjab to use open plinths for wheat storage for the last time

Hindustan Times  

The food corporation of India has allowed the Punjab food and civil supplies department to store wheat on the open plinths, known as covered area plinths, for the last time during the upcoming rabi procurement season. At present, the state has six lakh tonne storage space in the silos and 167 lakh tonnes in the covered godowns, out of which …

Centre brings wheat and rice under price stabilization fund
1 year ago

Centre brings wheat and rice under price stabilization fund

Live Mint  

New Delhi: The government has approved inclusion of wheat and rice under its price stabilization fund after it started selling Bharat atta and rice as part of its retail intervention in a bid to tame inflation as prices are soaring ahead of general elections, a government official said. The new step will see the government give a payout to the …

What are the regulations with respect to rice prices? | Explained
1 year, 1 month ago

What are the regulations with respect to rice prices? | Explained

The Hindu  

February 09, 2024 08:30 am | Updated 11:45 am IST The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. In the year 2022-2023, India produced 135 million tonnes of rice, which is 62.84 lakh tonnes higher than the previous year. While Basmati rice prices are …

Govt targets wheat hoarders, halves stock limits again
1 year, 1 month ago

Govt targets wheat hoarders, halves stock limits again

Live Mint  

The Union government has imposed another round of curbs on stocking of wheat, drastically lowering the limit for the second time since December as it seeks to prevent hoarding and speculation that could spike prices. “Officials of Central and state governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created …

Govt to launch 'Bharat rice' at subsidised rate to provide relief to consumers | Check rates here
1 year, 1 month ago

Govt to launch 'Bharat rice' at subsidised rate to provide relief to consumers | Check rates here

India TV News  

The central government on Tuesday is set to introduce 'Bharat rice' at a subsidised rate of Rs 29 per kg, aiming to alleviate the impact of a 15 per cent surge in retail rice prices over the past year. 5 tonnes of rice in first phase In the initial phase, the Food Corporation of India will allocate 5 lakh tonnes …

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year
1 year, 2 months ago

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year

India TV News  

Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. In the preceding 2022-23 crop year, wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year. Last year, the FCI's …

Govt plans to sell FCI rice under Bharat brand; price not yet decided
1 year, 2 months ago

Govt plans to sell FCI rice under Bharat brand; price not yet decided

The Hindu  

In order to check rice inflation, the Government is considering a proposal to sell FCI rice under the 'Bharat' brand but the discounted rate has not yet been decided, a Food Ministry official said. x The Ministry's efforts to check retail rice prices by boosting domestic availability through sale of FCI rice via e-auction under the Open Market Sale Scheme …

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices
1 year, 3 months ago

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices

Live Mint  

The government has banned exports of onion and imposed additional limits on stocking of wheat as it seeks to augment availability of these key staples and check rising food prices ahead of the general election next year. “The prevailing supply crunch in the market owing to the early depletion of stocks from the 2022-23 rabi season and estimated lower output …

Govt to reduce Bharat Atta price by ₹2/kg in festive sop
1 year, 4 months ago

Govt to reduce Bharat Atta price by ₹2/kg in festive sop

Live Mint  

The government plans to offload a quarter of a million tonnes of wheat into the country’s vast food distribution system and offer cut-price whole wheat flour made from it in the run-up to the last festival season of its term. “The Centre will offload 250,000 tonnes of wheat to Kendriya Bhandar, National Agricultural Cooperative Marketing Federation of India and the …

Domestic Open Markets | FCI in Tamil Nadu brings down wheat, rice prices again for e-auction
1 year, 6 months ago

Domestic Open Markets | FCI in Tamil Nadu brings down wheat, rice prices again for e-auction

The Hindu  

Food Corporation of India for the Tamil Nadu region plans to sell wheat starting at ₹21.25 against the market rate of ₹40-₹45 a kg in its upcoming e-auction on September 22. On Wednesday, the FCI’s regional general manager, reiterated their request for small-scale mill owners to take part in the auction as only 35% of the total wheat offered has …

Wheat, rice auction under Open Market Sale Scheme
1 year, 6 months ago

Wheat, rice auction under Open Market Sale Scheme

Deccan Chronicle  

VIJAYAWADA: Food Corporation of India, AP region general manager, Chandrasekhar Joshi said on Saturday that the FCI through Open Market Sale Scheme-Domestic is offering foodgrains in the open market at subsidised prices, fixed by the ministry of CAF&PD, Government of India, through e-auction in order to control the price in the market. Joshi stated that to participate in e-auction bidder …

FCI to stabilise wheat and rice markets through OMSS
1 year, 6 months ago

FCI to stabilise wheat and rice markets through OMSS

Deccan Chronicle  

Vijayawada: The general manager of the Food Corporation of India’s regional office in Vijayawada, Chandra Sekhar Joshi, announced a distinct approach by the Indian government to ensure stability in the wheat and rice markets. Acknowledging worrisome price trends, the government plans to release 25 lakh metric tons of rice and 50 LMT of wheat through OMSS, which includes 2 LMT …

FCI to release rice and wheat into open market to stabilise prices
1 year, 6 months ago

FCI to release rice and wheat into open market to stabilise prices

The Hindu  

The Food Corporation of India, regional office, Amaravati, is offering 4,000 tonnes of wheat and 13,018 tonnes of rice under Open Market Sale Scheme-Domestic through e-auction to be held on August 30. As on date, 7,69,609 tonnes of rice and 12,125 tonnes of wheat is available with FCI, Andhra Pradesh. Chandrasekhar Joshi, general manager, FCI, Andhra Pradesh region, told The …

FCI to Sell Wheat, Rice in Open Market on Aug. 23
1 year, 7 months ago

FCI to Sell Wheat, Rice in Open Market on Aug. 23

Deccan Chronicle  

VIJAYAWADA: Food Corporation of India Vijayawada regional office general manager Chandra Shekhar Joshi said Government of India has decided to release FCI wheat and rice in open market under its Open Market Sale Scheme to stabilise retail prices of wheat / atta and rice throughout the country. Consequently, 25 lakh metric tonnes of rice and 50 lakh metric tonnes of …

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report
1 year, 7 months ago

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report

India TV News  

India is reportedly in talks with Russia to import 8 to 9 million tonnes of wheat to help reduce the prices of the commodity in the domestic market, reported TASS news agency citing The Economic Times. Despite India needing only 3 to 4 million metric tonnes of wheat to plug a shortfall, it is considering a bigger import to have …

To curb price rise, Centre releases more grain stock under open market sale
1 year, 7 months ago

To curb price rise, Centre releases more grain stock under open market sale

The Hindu  

Concerned over the increase in foodgrains prices, the Centre on Wednesday decided to additionally sell 50 lakh metric tonnes of wheat and 25 LMT of rice through the Open Market Sales Scheme from the Food Corporation of India stocks. Talking to reporters, Union Food Secretary Sanjeev Chopra said the Centre had also decided to bring down the reserve price of …

India to offer 5 million tonne wheat to bulk consumers to cool prices
1 year, 7 months ago

India to offer 5 million tonne wheat to bulk consumers to cool prices

The Hindu  

India will provide 5 million metric tonne of wheat and 2.5 million tonne of rice to bulk consumers such as flour millers, as part of efforts to augment supplies and stabilise prices, a senior government official told reporters on Wednesday. The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise …

Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market to contain price rise
1 year, 7 months ago

Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market to contain price rise

India TV News  

As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise. "The government has decided to offload 50 lakh tonnes of wheat and 25 …

FCI to auction rice, wheat in AP to control prices
1 year, 7 months ago

FCI to auction rice, wheat in AP to control prices

Deccan Chronicle  

VIJAYAWADA: To control rising prices of rice, wheat, and wheat products in Andhra Pradesh, the regional office of Food Corporation of India in Amaravati is offering 7,000 metric tonnes of rice and 1,000 metric tonnes of wheat for sale in the open market through e-auction on August 9. The sale is being made under the Open Market Sale Scheme of …

Why are state governments complaining about denial of food grains under OMSS? | In Focus podcast
1 year, 8 months ago

Why are state governments complaining about denial of food grains under OMSS? | In Focus podcast

The Hindu  

Last month, the Union government stopped the sale of rice and wheat from the Central pool under the Open Market Sale Scheme. This has provoked sharp reactions from state governments led by Opposition parties, especially Karnataka and Tamil Nadu, who have accused the Centre of “playing politics” and of being “anti-poor”. State such as Tamil Nadu, which have a universal …

FCI reduces prices of wheat, rice sold through domestic open market scheme
1 year, 8 months ago

FCI reduces prices of wheat, rice sold through domestic open market scheme

The Hindu  

The Food Corporation of India has reduced the price of rice and wheat being tendered out under the open market sale scheme for registered bulk buyers. Fortified rice which was supplied at ₹34/kg is being made available at ₹31/kg and wheat at ₹21.50/kg instead of ₹22.50/kg, said Manjeev Kumar Goyal, Deputy General Manager, FCI in Chennai on July 13. Ravi …

Cong Says 'Unreasonable Restrictions' Placed on Sale of Rice Under OMSS 'Misfired' Badly
1 year, 8 months ago

Cong Says 'Unreasonable Restrictions' Placed on Sale of Rice Under OMSS 'Misfired' Badly

News 18  

The “unreasonable restrictions” placed on sale of rice under the Open Market Sale Scheme has “misfired” badly, the Congress said on Tuesday and slammed the Centre for discontinuing the sale of foodgrains from its pool to state governments as a “political decision” aimed at “sabotaging” the Karnataka government’s ‘Anna Bhagya’ scheme. On June 13, the Centre discontinued the sale of …

Limits of expansion: The Hindu Editorial on the controversy over the Open Market Sale Scheme
1 year, 8 months ago

Limits of expansion: The Hindu Editorial on the controversy over the Open Market Sale Scheme

The Hindu  

The National Conference of Food Ministers failed to resolve the issue of the discontinuance of rice and wheat sales to States under the Open Market Sale Scheme in view of the Centre’s restrictions. Rejecting the plea, Union Food Minister Piyush Goyal reiterated the Centre’s position of taking care of the interests of those outside the scope of the National Food …

Data | Why Centre’s denial of rice through OMSS hits Karnataka the most
1 year, 8 months ago

Data | Why Centre’s denial of rice through OMSS hits Karnataka the most

The Hindu  

Ever since the Congress-led Karnataka government came to power, it has been struggling to meet one of its major pre-poll promises — the provision of five kg of rice to Below Poverty Line and Antyodaya card holders. The amount of rice supplied by the FCI for ethanol blending in 2022-23 was nearly six times more than the quantity of rice …

Explained | What is the Open Market Sale Scheme and the Centre vs. states controversy over it?
1 year, 8 months ago

Explained | What is the Open Market Sale Scheme and the Centre vs. states controversy over it?

The Hindu  

The story so far: States have been looking at alternative ways of procuring wheat and rice in the aftermath of the Food Corporation of India’s quantity restrictions followed by the refusal to allow states to procure the two food grains through its Open Market Sale Scheme. While the Centre has made it clear that the reason for first restricting supplies …

Govt's rice procurement reaches 55.8 million tonnes and wheat 26.2 million tonnes so far
1 year, 9 months ago

Govt's rice procurement reaches 55.8 million tonnes and wheat 26.2 million tonnes so far

The Hindu  

The government's rice procurement has reached 55.8 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.22 crore farmers with MSP of ₹1.7 lakh crore, the Food Ministry said on June 20. Wheat procurement has reached 26.2 million tonnes so far in the 2023-24 rabi marketing year, more than the last year's total procurement of 18.8 million tonnes. …

Centre says stoppage of rice and wheat supply to States is aimed at controlling inflation
1 year, 9 months ago

Centre says stoppage of rice and wheat supply to States is aimed at controlling inflation

The Hindu  

Amid a political slugfest over the discontinuation of the sale of rice and wheat from the Central pool to State governments, the Government on Thursday said the decision was not “deliberate” and was only aimed at controlling retail inflation in food grains. Karnataka Chief Minister Siddaramaiah and other leaders of the Congress party have hit out at the Centre, accusing …

Centre says stoppage of rice and wheat supply to States is aimed at controlling inflation
1 year, 9 months ago

Centre says stoppage of rice and wheat supply to States is aimed at controlling inflation

The Hindu  

Amid a political slugfest over the discontinuation of the sale of rice and wheat from the Central pool to State governments, the Government on Thursday said the decision was not “deliberate” and was only aimed at controlling retail inflation in food grains. Karnataka Chief Minister Siddaramaiah and other leaders of the Congress party have hit out at the Centre, accusing …

Centre checks price rise by discontinuing sale of rice, wheat to States under OMSS
1 year, 9 months ago

Centre checks price rise by discontinuing sale of rice, wheat to States under OMSS

The Hindu  

The Centre has discontinued the sale of rice and wheat from the central pool under the Open Market Sale Scheme to State governments, a move that will hit some States, including Karnataka, offering free grains to the poor. FCI may liquidate rice under the OMSS to private parties from the central pool stock as per the requirement in order to …

Government imposes stock limits on wheat to prevent hoarding
1 year, 9 months ago

Government imposes stock limits on wheat to prevent hoarding

The Hindu  

In order to manage overall food security and to prevent hoarding and unscrupulous speculation, the government has decided to impose stock limits on wheat for traders, wholesalers, retailers, big chain retailers and processors. "Respective legal entities, as above, have to declare the stocks position and update them regularly on the portal of the Department of Food and Public Distribution and …

FCI sells 5.39 LMT of wheat to 1248 bidders in 23 states in its 5th e-auction
2 years ago

FCI sells 5.39 LMT of wheat to 1248 bidders in 23 states in its 5th e-auction

Live Mint  

As part of Government of India’s initiative towards market intervention to control the price of wheat and atta, the Food Corporation of India conducted the 5th e-auction to offload wheat under OMSS on Wednesday. Total quantity of 11.88 LMT wheat was offered and 5.39 LMT of wheat has been sold to 1,248 bidders in 23 states, the Ministry of Consumer …

Govt plans to double down on rice, millet stocking amid heat threat to wheat yield
2 years ago

Govt plans to double down on rice, millet stocking amid heat threat to wheat yield

Hindustan Times  

The central government, aware of the high chances of heatwaves over food-bowl states and their potential impact on the wheat harvest, will get by with enough stock of rice and millets to meet the country’s food security needs, according to procurement plans put in place. The government aims to procure 34.1 million tonne of wheat at federally determined prices The …

Govt. to offload additional 20 lakh tonnes of wheat in open market to cut prices
2 years, 1 month ago

Govt. to offload additional 20 lakh tonnes of wheat in open market to cut prices

The Hindu  

The Centre on February 21 announced it will offload an additional 20 lakh tonnes of wheat in the open market to bring down the prices of wheat and wheat flour. On January 25, the Centre had announced sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check rise in prices of wheat and …

Govt to sell 20 lakh tonnes of wheat in open market to bring down prices
2 years, 1 month ago

Govt to sell 20 lakh tonnes of wheat in open market to bring down prices

India TV News  

In order to control price rise, the government has said that it will sell an additional 20 lakh tonnes of wheat in open market to bring down prices of wheat and wheat floor. "So far, 50 lakh tonnes of wheat have been decided to be offloaded under the OMSS. The reduction in reserve price along with additional offloading of 20 …

FCI to Offer 11.72 Lakh Tonnes Wheat Stock to Bulk Consumers in 3rd E-auction on Feb 22
2 years, 1 month ago

FCI to Offer 11.72 Lakh Tonnes Wheat Stock to Bulk Consumers in 3rd E-auction on Feb 22

News 18  

State-owned Food Corporation of India will offer 11.72 lakh tonnes of wheat to bulk consumers like flour millers during the third e-auction to be held next week, the food ministry said on Saturday. FCI plans to sell 25 lakh tonnes of wheat to bulk consumers under the Open Market Sale Scheme till March-end as part of the government’s measure to …

India likely to continue curbs on wheat, rice exports
2 years, 1 month ago

India likely to continue curbs on wheat, rice exports

Hindustan Times  

India may extend its ban on wheat exports beyond March and continue curbs on overseas shipments of non-premium varieties of rice to cool local prices and expand the government’s purchases of cereal stocks, which are at their lowest level in five years, two people familiar with the development said. The government banned wheat exports in May last year as overseas …

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