Press Esc to close
Friday 31 October 2014
News updated at 12:22 AM IST
Weather
Max: 0°C
Min : 0°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
Security personnel patrol a street after a protest by the supporters of Jammu and Kashmir...

Security personnel patrol a street after a protest by the supporters of Jammu and Kashmir...

India A players Rohit Sharma and Manish Pandey during a practice match against Sri Lanka...

India A players Rohit Sharma and Manish Pandey during a practice match against Sri Lanka...

Indian Air Force officers arrive at the Gateway of India after swimming for a distance...

Indian Air Force officers arrive at the Gateway of India after swimming for a distance...

The Navy hovercraft carrying West Bengal Chief Minister Mamata Banerjee to Sagar Island...

The Navy hovercraft carrying West Bengal Chief Minister Mamata Banerjee to Sagar Island...

A Rajasthani herder with his cows in Gurgaon...

A Rajasthani herder with his cows in Gurgaon...

Devotees wait for the Sun to offer prayers, during Chhath Puja festival in Agra...

Devotees wait for the Sun to offer prayers, during Chhath Puja festival in Agra...

Sand artist Sudarsan Pattnaik creates a sand sculpture on Black Money with a message...

Sand artist Sudarsan Pattnaik creates a sand sculpture on Black Money with a message...

BJP workers arrange the cut-outs of party symbol (lotus) to decorate the boats at the Marine...

BJP workers arrange the cut-outs of party symbol (lotus) to decorate the boats at the Marine...

A police man investigates the tunnel dug up by the robbers in Gohana bank heist, in Sonipat...

A police man investigates the tunnel dug up by the robbers in Gohana bank heist, in Sonipat...

Bollywood megastar Amitabh Bachchan sweeps in a stree during a cleanliness drive as a part...

Bollywood megastar Amitabh Bachchan sweeps in a stree during a cleanliness drive as a part...

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