Press Esc to close
Sunday 29 May 2016
News updated at 1:34 AM IST
Weather
Max: 33°C
Min : 21.9°C
In Bengaluru
Generally cloudy

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
Students celebrate their success after CBSE announced its 10th class results...

Students celebrate their success after CBSE announced its 10th class results...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

A Group of Bengaluru Mothers getting prepared for the Babywearing dance to be held next month...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Volunteers clean Tapi river to celebrate the completion of two years of Modi government...

Madras Regimental jawans jubilate after winning the Dakshin Bharat Area Cross Country Championship..

Madras Regimental jawans jubilate after winning the Dakshin Bharat Area Cross Country Championship..

Congress workers shave their heads at a protest on NDA Governments' second anniversary...

Congress workers shave their heads at a protest on NDA Governments' second anniversary...

Bollywood actress Shraddha Kapoor during shoot of her upcomming movie 'OK JAANU'...

Bollywood actress Shraddha Kapoor during shoot of her upcomming movie 'OK JAANU'...

Former Australian pacer Geoff Lawson interacts with recently selected young pacer...

Former Australian pacer Geoff Lawson interacts with recently selected young pacer...

Crowds pack the Canaveral National Seashore Friday, to witness the liftoff of a SpaceX...

Crowds pack the Canaveral National Seashore Friday, to witness the liftoff of a SpaceX...

Union Minister of Finance Arun Jaitley paying floral tribute to Vinayak Damodar Savarkar...

Union Minister of Finance Arun Jaitley paying floral tribute to Vinayak Damodar Savarkar...

Prime Minister Narendra Modi with artists tries his hands at a drum in Heritage Mawphlang...

Prime Minister Narendra Modi with artists tries his hands at a drum in Heritage Mawphlang...

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