 "Farm labourers making bunches of paddy saplings to plant at a field on the outskirts of Guwahati | Photo: PTI")
Sitting on a huge buffer stock, the government is considering cutting reserve price of rice by almost Rs 500 per quintal for bulk buyers to boost its sale through open market.
However, there is no plan to cut wheat price, official sources said.
The government is considering downward revision of reserve price of rice from Rs 2,785 per quintal to Rs 2,250 per quintal in order to boost sale from central pool stock under the Open Market Sale Scheme (OMSS) in 2019-20, sources said.
Food Ministry runs OMSS to sell wheat and rice stored in buffer stock by the Food Corporation of India
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