Government sells 71 lakh tonnes wheat so far in open market to keep prices under control
The government has sold 71.01 lakh tonnes of wheat and 1.62 lakh tonnes of rice through auction in the open market to control prices. Wheat and rice are being offloaded in the market through weekly e-auctions since June 28, 2023. The central government has allocated 101.5 lakh tonnes of wheat and 25 lakh tonnes of rice for offloading under the Open Market Sale Scheme. The reserve prices for wheat are Rs 2,150 per quintal for Fair and Average Quality (FAQ) and Rs 2,125 per quintal for Under Relaxed Specifications (URS). The reserve price for rice is Rs 2,900 per quintal.
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