RFMFI ) on Thursday hailed the government’s decision to sell 30 lakh tonnes of wheat in the open market and said the move will lead to a reduction in wheat and wheat flour ( atta ) prices by Rs 5-6 per kg. The Centre on Wednesday announced the sale of 30 lakh tonnes of wheat in the open market from its buffer stock to check the rise in prices of wheat and wheat flour (atta). The stocks will be sold by the state-owned Food Corporation of India ( FCI ) during the next two months through various channels. While wheat will be sold to bulk consumers like flour millers through e-auction, the FCI will offer wheat at Rs 23.50 per kg to public sector units/cooperatives/ federations, Kendriya Bhandar/NCCF/NAFED for converting the grain to atta and offer it to the public at a maximum retail price (MRP) of Rs 29.50 per kg. “We welcome the government decision. It should have been taken a month ago. It is a right step. Wholesale and retail prices will come down by Rs 5-6 per kg,” RFMFI President Pramod Kumar told PTI. As per the government data, the average price of wheat across major cities… Read full this story
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