Food Corporation of India (FCI) has called upon rice and wheat millers and processers in the State and Puducherry to actively participate in the auctions under open market sale scheme (OMSS) - Domestic. This is part of the FCI’s efforts to reduce prices of these essential commodities in the market.
A press release issued here from P. Muthumaran, general manager (region), FCI said that auctions are being held on a regular basis and in this tranch, 8,000 tonnes of wheat and 5,000 tonnes of rice are being offered at a base rate of ₹21.50/kg, ₹21.25/kg and ₹29.00/kg for FAQ wheat, URS wheat and rice respectively.
In the last two months out of 1.09 lakh tonnes offered in the State and Puducherry, only 0.38 lakh tonnes have been purchased by millers and processors. “Only if millers and processors procure rice and wheat, will prices reduce,” he explained.
