The government plans to offload 7-8
million tonnes of fresh Wheat from its huge stockpiles in the open market at Rs
1,890 per quintal rate for meeting the demand from flour millers and other bulk
According to sources, the open market sale
scheme (OMSS) is likely to be launched for disposal of Wheat for the 2018-19
marketing year (April-June).
The food ministry is likely to sell 7-8 million
tonnes of Wheat grown in 2017-18 crop year that ended last month. The rate at
which the grain will be offloaded would be around Rs 100 per quintal higher than
the last year, they added.
Last year, the OMSS rate for Wheat was fixed at
Rs 1,790 per quintal – ex-Ludhiana. Sources said that the ministry had offered
5.4 million tonnes of wheat under the OMSS but only 1.5 million tonnes stock
"The Wheat price to be fixed for sale under
OMSS would be higher for this year. The industry may not purchase under the
OMSS this year because there is enough grain available in the open market and
the price is even lower than what would be offered under the OMSS," the
Rollers Flour Millers Federation of India said.
The industry had not purchased wheat under the
OMSS last year. Some states, including Karnataka, had bought grain for its
As on June 1, the government was holding a Wheat
stock of 44 million tonnes. Its procurement agency FCI has purchased 35.5
million tonnes of fresh wheat in 2017-18.
As per the third estimate, Wheat production is
estimated to have been 98.51 million tonnes in the 2017-18 crop year that ended