Press Information Bureau

Government of India

Cabinet Committee on Economic Affairs (CCEA)

10-November-2012 12:20 IST

CCEA has approved allocation of 65 lakh tonnes of wheat for tender sale by FCI to bulk consumers/traders and allocation of 5 lakh tonnes wheat and 5 lakh tonnes rice for sale to retail consumers through State/UT governments and national cooperatives like NAFED NCCF and Kendriya Bhandar under Open Market Sale Scheme – Domestic (OMSS(D)).

The sale of wheat/rice under OMSS(D) will increase the availability of these commodities in the market and will have moderating influence on prices of wheat and rice in the open market.

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SC/SKS

Open Market Sale Scheme domestic expands foodgrain allocations to boost market supply and moderate retail prices. The Cabinet Committee on Economic Affairs approved additional allocations of wheat and rice under the Open Market Sale Scheme (Domestic), authorising tender sales to bulk consumers/traders and retail sales through State/UT governments and national cooperatives to increase market availability and moderate open market prices.