FCI Boosts Market Stability: Successful E-Auctions Ensure Steady Supply of Wheat and Rice.

BB Desk

New Delhi, Dec 16, Buzzbytes:
The Food Corporation of India (FCI) has taken proactive steps to bolster market supply by successfully conducting 25 e-auctions, resulting in the sale of 48.12 Lakh Metric Tons (LMT) of wheat under the Open Market Sale Scheme (Domestic). This strategic initiative, aligned with government directives, aims to ensure a consistent supply of wheat and rice, not only for the Public Distribution System (PDS) but also for effective market intervention. As of December 14, 2023, the central pool stock of food grains comprises 181.79 LMT of wheat and 182.86 LMT of rice, totaling 364.65 LMT.

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