Centre to sell 3 million tonnes of wheat in open market to cool prices

Atta prices from central wheat pool capped at Rs 29.50 kg; wheat stocks 24.4% above buffer requirement as on January 1

The Central government has decided to sell 3 million tonnes (mt) of wheat from its inventories through a special Open Market Sale Scheme (OMSS) to cool record high prices of the commodity.
 

According to an official statement, under the special OMSS, wheat will be subject to the stipulation that the buyer (flour mill owner) will convert wheat to atta and offer it to the public at a maximum retail price of Rs 29.50 per kg.
 

The government said under the scheme wheat would be offered to the flour millers and bulk buyers through e-auction for a maximum quantity of 3,000