Govt to sell buffer wheat stock every quarter to control price

The government has decided to sell wheat from its stock in the open market every quarter, starting July, in its bid to check any rise in prices of the foodgrain, atta and other wheat products. Till now the Food Corporation of India offered some of its wheat stock only during the last quarter of the financial year — January and March — when availability of the winter crops dips. Sources said sale of first tranche of wheat under the ‘open market sale scheme’ will be conducted before July.

from Times of India https://ift.tt/ErXU8uv
via IFTTT