Categories: Business

FCI sells 4.29 lakh MT of wheat, 14,760 MT of rice in Bengal through e-auction

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The Meals Company India (FCI) has offered 4.29 lakh metric tonnes of wheat and 14,760 metric tonnes of non-fortified rice by 25 open market e-auctions in West Bengal from June to December this yr, an official of the company stated on Saturday.

FCI Deputy Common Supervisor (West Bengal area) Pradeep Singh stated the Open Market Gross sales Scheme (home) had been accomplished by the e-auction portal of M-junction.

“In a bid to stabilise the costs of the cereals and likewise to extend affordability for most of the people, the FCI has offered 4.29 lakh metric tonnes of wheat and 14,760 metric tonnes of non-fortified rice in West Bengal by 25 open-market e-auctions from June to December this yr,” Singh stated.

The FCI may also proceed to produce the staples by the general public distribution system (PDS) freed from price, he stated. Whereas the reserve value of wheat for e-auction gross sales is Rs 2,150 per quintal, it’s Rs 2,900 per quintal for non-fortified rice.

Singh stated fortified rice is provided by the PDS solely, and never by way of the e-auction route.

“West Bengal is a wheat-deficit state however self-sufficient in rice manufacturing. For the state, wheat is procured from Haryana, Punjab and Madhya Pradesh on the prevailing minimal assist value (MSP) of Rs 2,275 per quintal for advertising season 2024-25,” he stated.

Whereas wheat is procured from the farmers in the course of the Rabi season, rice is bought in the course of the Kharif season, he stated.

In keeping with the official, differentiation within the quantum of buy of wheat and rice by the e-auction route has additionally been made for giant and small processing items.

Singh stated the FCI has additionally requested the processors to not maintain shares over and above the month-to-month processing capability whereas bidding for tenders.

He stated the subsequent scheduled e-auction shall be held on December 20, when 30,000 metric tonnes of wheat and 9,000 metric tonnes of non-fortified rice shall be provided on the market by the open market route in West Bengal.

Each week, an analogous quantity of wheat is obtainable on the market by the open market, he added.

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Amirul

CEO OF THTBITS.com, sharing my insights with people who have the same thoughts gave me the opportunity to express what I believe in and make changes in the world.