To keep flour prices under control, the Food Corporation of India (FCI) on Wednesday sold 8.88 lakh tonnes of wheat to be sold in the open market in more than 20 states through the first e-auction. FCI has offered 22 lakh tonnes of grain out of 25 lakh tonnes of wheat storage for e-auction in the Open Market Sale Scheme (Domestic) of wheat.
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According to the release issued on Thursday by the Ministry of Consumer Affairs, Food and Public Distribution, the first e-auction took place on February 1, 2023, in which more than 1100 bidders were involved. According to the statement, a quantity of 8.88 lakh tonnes of wheat was sold on the first day of e-auction in 22 states.
The sale of wheat through e-auction will continue till 2 pm every Wednesday till the second week of March 2023 across the country.
The Center has also reserved three lakh tonnes of wheat at a concessional rate of Rs 2350 per quintal for making flour to government PSUs/cooperatives/federations like Kendriya Bhandar, NCCF and NAFED. Under this, people will have to give flour at a maximum rate of Rs 29.50 per kg.
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