Wheat Flour Price: On the latest update of Wheat OMSS i.e. Open Market Sales Scheme, Food Corporation of India CMD Ashok KK Meena said that wheat prices may come down in the retail market in the coming times.
Wheat Flour Price: There is news of relief for the common people. On the latest update of Wheat OMSS i.e. Open Market Sales Scheme, Food Corporation of India CMD Ashok KK Meena said that the prices of wheat in the retail market may come down in the coming times. Please tell that at present 45 lakh metric tonnes of stock is available. So far 18.05 lakh metric tonnes have been released under OMSS i.e. Open Market Sales Scheme. Apart from this, if we talk about the latest update, then tomorrow i.e. on Friday (February 24) the bid will be issued for the new stock. So far 11 lakh metric tonnes of wheat has been lifted.
Prices started coming down in the market
Let us inform that the prices of wheat have started coming down in the mandi as well. In Uttar Pradesh, the rate of 2900 per quintal in the first round of quotation has come down to around Rs 2200 per quintal by the third round. Not only this, Ashok KK Meena says that soon the prices of wheat will start coming down in the retail market.
good wheat harvest
Ashok KK Meena says that wheat crop has been good in the present situation. Apart from this, the purchase will also be normal. This time the procurement is expected to be 300-400 lakh metric tonnes. Although the CMD of FCI has not given any comment on the effect of the weather at the moment.
He says that there is a possibility of 113 lakh metric tonnes of stock till April 1. Let us inform that this time 93-95 lakh metric ton stock will remain and 75 lakh metric ton buffer will be given. This is possible only when all the wheat is also lifted under OMSS. Apart from this, 700 lakh metric tonnes of paddy has been procured.
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