So far 18 lakh tonnes of wheat has been sold through e-auction

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Mumbai: Under the announcement made to sell 30 lakh tonnes of wheat in the open market from February 1 to bring down the price of wheat and its flour, the government has so far sold 18.05 lakh tonnes of wheat through three e-auctions.

Food Corporation of India (FCI) sources said that 11 lakh tonnes of wheat has been taken delivery by the successful bidder.

Government plans to conduct e-auction for sale of wheat every Wednesday till 15th March 2023. The government has decided to release goods from buffer stocks.

With the release of wheat in the open market, the price of wheat has been reduced by seven to twenty percent among private traders in various mandis of the country.

According to an official statement issued by the government, a total of 50 lakh tonnes of wheat will be sold in the open market under the open market sale scheme. The sale of first 30 lakh tonnes and later 20 lakh tonnes has been announced by the government. Flour mills, private traders, wholesale buyers can participate in the e-auction.

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