The central government has sold 1.66 lakh metric tonne (LMT) wheat and 0.17 LMT rice through the Open Market Sale Scheme (D) in an e-auction held on 06 September 2023.
The Ministry of Consumer Affairs, Food and Public Distribution in a statement said that a quantity of 2.0 LMT wheat from 500 depots and 4.89 LMT rice from 337 depots were offered from across the country.
“In the e-auction, 1.66 LMT wheat and 0.17 LMT rice was sold. The weighted average selling price was Rs 2169.65/qtl for FAQ wheat against the reserve price of Rs 2150/qtl Pan India whereas the weighted average selling price of URS wheat was Rs 2150.86/qtl against the reserve price of Rs 2125/qtl,” it added.
Notably, the weighted average selling price was Rs 2956.19/qtl for rice against the reserve price of Rs 2952.27/qtl pan India.
In the current tranche of e-auctions, the reduction in retail price is being targeted by offering up to 100 tons maximum for a buyer for wheat and 1000 tonne for rice.
“This decision is to encourage small and marginal end users and to ensure that more participants could come forward and bid for the quantity from their depot of choice,” the ministry added.
