In the 3rd e-auction, around 11.72 LMT of wheat is being offered by Food Corporation of India from 620 depots across the country. For the 3rd e-auction, bidders who have registered themselves on the e-portal of M Junction by 10:00 pm on 17.02.2023 will be allowed to participate in the e-auction on 22.02.2023. The last date for deposit and uploading of EMD is 21.02.2023 till 02:30 pm. The third e-auction will start at 11:00 am on 22.02.2023, Ministry of Consumer Affairs, Food & Public Distribution, Government of India said today.
The Government of India has revised the reserve price for the sale of wheat through the Open Market Sale Scheme – Domestic (OMSS – D) scheme throughout the country. Now, the reserve price of FAQ wheat will be Rs.2150 per quintal pan India and that of URS wheat will be Rs. 2125 per quintal pan India. This decision has been taken to ensure that wheat is offered at a lower uniform reserve price across the country to further bring down the price of wheat and atta. These new reserve prices are applicable from the third sale of wheat through e-auction, which will be held throughout the country on Wednesday, 22nd February 2023.
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In order to address the rising price of wheat and Atta in the country, as per the recommendation made by the Group of Ministers, Food Corporation of India is releasing 30 lakh metric tonnes of wheat stock from the Central pool stock to the market through various routes under the Open Market Sale Scheme (Domestic).
During the 1st and 2nd e–auction, a total quantity of 12.98 LMT wheat has been sold out of which 8.96 LMT has already been lifted by the bidders which has resulted in the cooling down of prices of wheat and atta.
The announcement of revision in uniform reserve price across the country by the Government of India would benefit the consumers across the country and would further bring down the prices of wheat and atta, the ministry of observes.