Home > News > India News

Additional allocation of wheat, rice approved

Posted on Nov 10, 02:19PM | IBNS

The Cabinet Committee on Economic Affairs (CCEA) on Saturday said it has approved allocation of 65 lakh tonnes of wheat for tender sale by Food Corporation of India (FCI) to bulk consumers/traders and allocation of 5 lakh tonnes wheat and 5 lakh tonnes rice for sale to retail consumers.

The sale will be through State/UT governments and national cooperatives like NAFED, NCCF and Kendriya Bhandar under Open Market Sale Scheme - Domestic (OMSS(D)).

The sale of wheat/rice under OMSS(D) will increase the availability of these commodities in the market and will have moderating influence on prices of wheat and rice in the open market, said the CCEA.