Press Esc to close
Thursday 02 October 2014
News updated at 1:43 AM IST
Weather
Max: 29.3°C
Min : 21.4°C
In Bangalore
Sunny day

Centre asks States to release 2.7 million tonnes of wheat

Nov 17, 2012,PTI

Food Corporation of India on Saturday said it has asked the State governments to release nearly 2.7 million tonnes of wheat to bulk consumers, such as flour mills and biscuit makers, to control retail price.

Last week, the Cabinet Committee on Economic Affairs (CCEA) had approved sale of 6.5 million tonnes of wheat under open market sale scheme (OMSS) through the tender process.

“Instructions have already been issued to all States to release about 26.95 lakh tonnes in the first tender enquiry.

This step has been taken with a view to control the market prices and also to off-load the high stocks level of the central pool,” FCI said in a statement.

The scheme would be valid up to February, 2013.

The government would take all possible steps to control wheat prices by offering stocks under OMSS, the nodal agency for foodgrains procurement and distribution added.

On Friday, FCI Chairman C Amarsingh had said minimum 25,000 tonnes of wheat will be released for smaller States like Himachal Pradesh and a maximum of 1 lakh tonnes of the grain to big States every week.

FCI will issue weekly tenders and the base price will be the MSP and local tax and transportation charges, he had said.

Prices of packed wheat flour is ruling at Rs 21 per kg in the national capital even as the government’s minimum support price (MSP) is Rs 12.85 per kg.

The country had produced a record 93.9 million tonnes of wheat in the 2011-12 marketing year (July—June). The stocks of wheat in the central pool stood at 40.58 million tonnes at the end of last month because of record procurement.


Go to Top

Photo Gallery
Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

Nokia India Sales Marketing Director Raghuvesh Swarup launches the new Nokia Lumia ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

India's Mary Kom is lifted by her coach after she won the gold in women's flyweight boxing ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

Bollywood actress Sushmita Sen attends the Durga Puja celebrations in Mumbai ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

A huge statue of Mahatma Gandhi in Bengaluru a day before its inauguration ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Silver medal winner India's Tintu Luka poses at the podium during the medal ceremony ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Boxer Mary Kom kisses shares a moment with her kid after winning the gold medal ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

Damaged coaches after Krishak Express and Barauni Express collided near Gorakhpur ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

India's boxer Sarita cries at the podium after refusing to accept the bronze medal ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

People look at the damaged coaches after Krishak Express and Barauni Express collided ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

Indian tennis legend and global ambassador of the sport, Vijay Amritraj addressing during ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523