PNS|Vijayawada
Chandra Sekhar Joshi, General Manager of the Food Corporation of India (FCI), Regional Office in Vijayawada, announced a significant initiative by the Government of India aimed at stabilising the retail prices of wheat/atta and rice across the nation. In a concerted effort to curb the escalating prices of these essential commodities, the government has decided to release 25 Lakh Metric Tonnes (LMT) of Rice and 50 LMT of Wheat under the Open Market Sale Scheme (Domestic) or OMSS(D).
Joshi further revealed that the FCI Regional Office in Amaravati is facilitating this initiative by offering 4,000 metric tonnes of Wheat and 13,018 metric tonnes of Rice under OMSS (D) through an upcoming e-auction scheduled for August 30, Wednesday. As of the latest records, FCI, Andhra Pradesh, has a stockpile of 7,69,609 MTs of Rice and 12,125 MTs of Wheat. Additionally, the State Government of Andhra Pradesh has made available an impressive quantity of 7,96,000 MTs of Rice under the Central Pool.
To participate in the e-auction, interested parties are required to credit the Earnest Money Deposit (EMD) amount electronically in favor of the General Manager, FCI, Regional Office, Amaravati before 6 PM on the preceding Monday, August 28. Flour millers, atta chakki processors, and wheat product manufacturers who wish to engage in this initiative are encouraged to contact M-Junction at www.valuejunction.in/fci for registration and further participation details.
Joshi underscored that successful bidders must ensure that the Wheat they acquire through e-auction from FCI is processed into wheat products and released into the market for sale within thirty days from the last lifting date. Regarding rice, traders have the opportunity to participate, with a maximum bid limit of 1,000 MTs of Rice. The Reserve Price for Fine Rice (FRK) stands at Rs 2,973 per quintal, while for non-FRK Rice, the Reserve Price is set at Rs 2,900 per quintal.
This proactive step by the Government of India and the Food Corporation of India aims to ensure the availability and affordability of these crucial grains in the market while addressing the rising price trend. It not only bolsters food security but also provides opportunities for businesses in the sector to actively contribute to this noble cause.
For further information and updates, please visit the official website of the Food Corporation of India.
