New Delhi: State-owned Food Corporation of India (FCI) will sell 4.29 lakh tonnes of wheat and 3.95 lakh tonnes of rice from the buffer stock to bulk consumers in the third round of e-auction to be held on July 12. The government is offloading wheat and rice from the FCI stock under the Open Market Sale Scheme (OMSS) to bulk consumers to improve the domestic supply and control the retail price of rice, wheat and atta.
In the third round of e-auction, the FCI will offer a quantity of 4.29 lakh tonnes of wheat from 482 depots and 3.95 lakh tonnes of rice from 254 depots from across the country, the food ministry said in a statement. FCI has come out with tenders in this regard. Interested parties may empanel themselves for participation in future e-auctions, it said.
The FCI is encouraging more small and marginal end users to participate in the weekly e-auctions so that the stocks reach a wider section of the society, it added. In the previous e-auction conducted on July 5, a total quantity of 1.29 lakh tonnes of wheat was sold to 1,337 bidders and 170 tonnes of rice to 5 bidders.