NEW DELHI: The Centre on Tuesday announced the release of another 20 lakh tonnes of wheat from the stock held by Food Corporation of India in the open market for sale through e-auction. This will be in addition to the ongoing sale of 30 lakh tonne of wheat under the open market sale scheme.
In an official statement, the food ministry said the reduction in reserve price along with additional offloading of 20 lakh tonnes of wheat will collectively help in reducing market price of wheat and wheat products for consumers. It said, Union food secretary Sanjeev Chopra held a meeting with FCI and the representatives of flour millers, associations, and atta and suji product manufacturers on Tuesday to review the lifting of stocks auctioned by the FCI. He also advised the flour mills to bring down the prices of atta and other products in line with the reduction in market prices of wheat.
The ministry said after the announcement of the open market sale, the prices of wheat and atta have come down.