FCI Sold 9.2 LMT Wheat in just Two Days of E-auction
NEW DELHI : As recommended by the Committee of Ministers to deal with the rising prices of wheat and flour in the country, Food Corporation of India (FCI) has decided to sell Central Pool Wheat under Open Market Sale Scheme (Domestic) on 1st and 2nd February 2023 in e-auction. Out of 25 Lakh MT wheat stock earmarked for e-auction of wheat through various routes, 22.0 Lakh MT wheat has been offered.
In the first week of e-auction, more than 1150 bidders participated and 9.2 Lakh MT wheat was sold across the country. Apart from this, the sale of wheat through e-auction will continue every Wednesday across the country till the second week of March 2023.
In the first week of e-auction, the maximum demand for wheat was in the range of 100 to 499 MT, followed by 500-1000 MT of wheat, follo...