Govt to decide on selling 10.5 mn ton FCI foodgrains today

June 21, 2013 09:05

The Cabinet Committee on Economic Affairs is today likely to consider the Food Ministry's proposal to offload 10.5 million tonnes of FCI foodgrains in the open market to control retail prices.

The proposal to allocate 10 million tonnes of wheat and 0.5 million tonnes of rice under the Open Market Sale Scheme (OMSS) for controlling domestic prices is among ten proposals listed for the discussion, according to sources.

Out of 10 million tonnes of wheat, 8.5 million tonnes is proposed to be sold from Punjab and Haryana to bulk consumers at Rs 1,500 per quintal.

One million tonnes of wheat will be offered from state-run Food Corporation of India (FCI) centres across the country to small traders at Rs 1500/quintal plus freight.

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