New Delhi: The Roller Flour Millers Federation of India (RFMFI) on Thursday lauded the government’s decision to sell 30 lakh tonnes of wheat in the open market and said the move would bring down the prices of wheat and atta (flour) by Rs 5-6 apiece. Kilogram. The Center on Wednesday announced selling 30 lakh tonnes of wheat from its buffer stock in the open market to check the rise in prices of wheat and atta (flour).
The stock will be sold by the state-owned Food Corporation of India (FCI) through various channels during the next two months.
While wheat will be sold through e-auction to bulk consumers like flour millers, FCI will sell the grain to public sector units/cooperatives/federations, Kendriya Bhandar/NCCF/NAFED for converting the grain into flour and offering it at Rs 23.50 per kg Will offer wheat at the rate of Rs. At a maximum retail price (MRP) of Rs 29.50 per kg for the public. ,Also Read: Coca-Cola Will Soon Launch Its Smartphone In India; here’s what we know so far,
RFMFI President Pramod Kumar said, “We welcome the government’s decision. It should have been taken a month ago. This is the right step. Wholesale and retail prices will come down by Rs 5-6 per kg. According to government data, the average price of wheat in major cities stood at Rs 33.43 per kg on Wednesday, as against Rs 28.24 per kg a year ago. ,Also read: Flipkart Sale 2023: Apple AirPods Pro is getting huge discounts, can get it for just Rs 1150,
Atta (wheat flour) averaged Rs 37.95 per kg as against Rs 31.41 per kg a year ago. The Food Ministry said in a statement on Wednesday that FCI will offload 3 million tonnes of wheat from the central pool stock through various routes under the Open Market Sale Scheme (Domestic).
The ministry had said that the sale of wheat in the market through this scheme would have an “immediate impact on the rising prices of wheat and flour and help contain the rising prices and bring great relief to the common man”.
To deal with the rising prices of wheat and flour, a group of ministers headed by Home Minister Amit Shah met on Wednesday and discussed the country’s buffer stock position. The committee decided that wheat will be offered through e-auction to flour millers, bulk buyers etc. up to a maximum of 3,000 tonnes per buyer per auction. States and Union Territories will also be offered wheat for their schemes without e-auction.