Press Esc to close
Saturday 20 September 2014
News updated at 3:46 AM IST
Weather
Max: 27.8°C
Min : 20.6°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
Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

Sadananda Gowda releasing the logo for a special cleanliness campaign of SCR at Rail Nlayam ...

Sadananda Gowda releasing the logo for a special cleanliness campaign of SCR at Rail Nlayam ...

Manmohan Singh greets Chinese President Xi Jinping as Sonia Gandhi looks on ...

Manmohan Singh greets Chinese President Xi Jinping as Sonia Gandhi looks on ...

Indian flagbearer Sardar Singh carries the national flag to lead the contingent into Incheon ...

Indian flagbearer Sardar Singh carries the national flag to lead the contingent into Incheon ...

Asian Games torch arrive at main stadium for opening ceremony of the 17th Asian Games ...

Asian Games torch arrive at main stadium for opening ceremony of the 17th Asian Games ...

Artists perform during the opening ceremony for the 17th Asian Games in Incheon, South Korea ...

Artists perform during the opening ceremony for the 17th Asian Games in Incheon, South Korea ...

Omar Abdullah inaugurates a reconstructed bridge which was washed away by floods at Gundoora ...

Omar Abdullah inaugurates a reconstructed bridge which was washed away by floods at Gundoora ...

Students take part in a rally aganist the alleged molestation of Jadavpur University female ...

Students take part in a rally aganist the alleged molestation of Jadavpur University female ...

Kashmiri Sikh people preparing food for the flood victims at a relief camp ...

Kashmiri Sikh people preparing food for the flood victims at a relief camp ...

A ballot box is emptied as workers prepare to count ballots at a counting centre in Aberdeen...

A ballot box is emptied as workers prepare to count ballots at a counting centre in Aberdeen...

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