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

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

July 13, 2023 10:13 pm | Updated 10:53 pm IST - CHENNAI

Rice bags are stored at a Food Corporation of India godown in Hyderabad. File

Rice bags are stored at a Food Corporation of India godown in Hyderabad. File | Photo Credit: The Hindu

 The Food Corporation of India (FCI) has reduced the price of rice and wheat being tendered out under the open market sale scheme (domestic) 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.  

Addressing presspersons, Mr. Goyal said that the price of rice and wheat had been reduced as a market control mechanism to benefit consumers. Only traders having GST numbers in Tamil Nadu can bid. This is to ensure that the commodities are not resold to traders or middlemen outside the State. The FCI also keeps track of stock position of the millers and traders to doubly ensure this. A minimum of 10 tonnes to a maximum of 100 tonnes can be procured by one person or company, he said.

Ravi Shastri, deputy general manager (operations), said that so far, three tranches of wheat had been offered in Tamil Nadu and Puducherry. In the latest, 16,000 tonnes of wheat are available for Tamil Nadu and 2,000 tonnes for Puducherry. So far 4,800 tonnes have been sold via 15 depots in the State and 190 tonnes through one depot in the Union Territory. A total of 48,000 tonnes of rice are also available in this tranche. Stocks are bid through https://www.valuejunction.in/fci/ portal.  

At present, FCI’s stock in hand for Tamil Nadu and Puducherry for supply under the public distribution system and the noon meal scheme is 8.54 lakh tonnes of rice and 1.11 lakh tonnes of wheat, which is sufficient to meet the requirement for 10 months, Mr. Goyal added.  

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.