Press Information Bureau
Government of India
Ministry of Consumer Affairs, Food & Public Distribution
27-August-2012 16:54 IST
Efforts to Stablise Wheat Prices in Open Market
The Government releases wheat for bulk sale under Open Market Sale Scheme (OMSS) with an objective to offload part of surplus stocks in the Central Pool and to make available wheat in the open market to stabilize wheat prices particularly during lean season. Accordingly, the Government has decided to sell 3 million tonnes of wheat to Bulk Users/ Roller Flour Millers/ Traders through open tenders by Food Corporation of India upto March, 2013 for domestic consumption under the Scheme. Reserve price for such sale was initially fixed at Rs. 1170/- per quintal and 13.02 lakh tonnes wheat was allocated for sale in the States/UTs during the period from July, 2012- September, 2012. The reserve price has since been increased to Rs. 1285/- per quintal. The sale under OMSS is conceived to increase the availability of wheat in open market and thereby to, will help in moderating the prices of wheat and wheat flour for the end consumers.

This information was given by Prof. K.V. Thomas, Minister for Consumer Affairs Food and Public Distribution System in a written reply in Rajya Sabha today.