Zee Media Bureau
New Delhi: To check price rise, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved sale of 10 million tonnes of wheat from FCI stocks in the open market.
The wheat sale programme aims to boost domestic supply and check price rise. This move would also help in reducing storage pressure on the Food Corporation of India (FCI).
Wheat prices have firmed up in the last few days. Wholesale price of wheat has increased to Rs 19 per kg in the national market today, from Rs 16.10 per kg in the same period last year, as per the official data.
As on July 1, the FCI had a wheat stock of 40 million tonnes, against the requirement of about 20 million tonnes.
The country had produced a record 95.60 million tonnes of wheat in the 2013-14 crop year.
With Agency Inputs
