Flour mills under FCI scanner as wheat prices continue to rise
The FCI sells wheat to flour mills and other bulk consumers under the open market sales scheme (OMSS) to keep domestic prices down. In June, it had offered 1.5 million tonnes of wheat under this scheme. However, wheat prices continue to remain firm. Industry executives have cited the lower volumes offered by FCI at its weekly tenders as one of the reasons for the increase in wheat prices.
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