FCI sells 1.66 lakh tonnes wheat, only 17,000 tonnes rice via 11th e-auction under open market scheme

New Delhi,  State-owned Food Corporation of India (FCI) has sold 1.66 lakh tonnes of wheat and only 17,000 tonnes of rice from the central pool through 11th e-auction last week as part of the Open Market Sale Scheme (OMSS) to control retail prices.

Last month, the government announced it will offload additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market to bulk buyer to contain cereal prices.

The food ministry, in a statement, said in the 11th e-auction held on September 6, a total of 2 lakh tonnes of wheat from 500 depots and 4.89 lakh tonnes of rice from 337 depots were offered from across the country.PTI