The government can sell 20 lakh metric tonnes of wheat in the market.
FCI can sell wheat to small traders at Rs 2250 per quintal.
On January 1, the government will have an additional 21 lakh metric tonnes of wheat from the buffer stock.
new Delhi. The price of wheat, which has reached close to Rs 3,000 per quintal, can now fall. The government has now become serious to control the price of wheat. After the closure of Pradhan Mantri Garib Kalyan Yojana (PMGKY), the government is now preparing to sell wheat in the open market. The Food Corporation of India (FCI) may soon announce the sale of wheat in the open market. In the last 4 months, the price has increased by Rs 4 per kg. At the same time, flour has become costlier by 17-20 percent in a year.
CNBC Voice According to a report, wheat prices in the mandis of Delhi (Wheat Rate Delhi) reached a record high level of 2915. The ongoing war between Russia and Ukraine has affected wheat prices. Demand and supply have been affected due to the war, because wheat is produced in large quantities in Russia and Ukraine and wheat exports from there are decreasing very much. The Government of India had banned the export of wheat in May this year.
Government will sell 20 lakh metric tonnes of wheat
The government can sell 20 lakh metric tonnes of wheat in the market. FCI can sell wheat to small traders at Rs 2250 per quintal. After the closure of Pradhan Mantri Garib Kalyan Yojana, options are open with the government. By April 1, the government will have 113 lakh tonnes of wheat. According to the current rules, the government will need 74 lakh tonnes of wheat. On January 1, the government will need 138 lakh tonnes for buffer stock. On January 1, the government will have an additional 21 lakh metric tonnes of wheat from the buffer stock.
Wheat saved from closure of PMGKY
Since 2020, the government was giving 5 kg additional food grains to the poor under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). Now the government has merged the Pradhan Mantri Anna Kalyan Yojana with the National Food Security Act (NFSA). Pradhan Mantri Garib Kalyan Anna Yojana was brought for poor families. That’s why only people living below the poverty line (BPL) could take advantage of it. Now the government will give wheat at Rs 3 per kg and rice at Rs 2 per kg to APL and BPL families under NFSA. Due to the closure of the PMGKY scheme, the government will now have more food grains. By selling it in the market, it can curb the rising prices of wheat.
FIRST PUBLISHED : December 27, 2022, 18:03 IST