The revised policy announced by Ministry of Consumer Affairs, Food & Public Distribution aims to enhance food security & bolstering ethanol production.
- It set Rice Reserve Price (₹2,250 per quintal) for sale to State Governments, Corporations, & Community Kitchens, without e-auctions.
- The policy set reserve prices at ₹2,250 per quintal (slashed by ₹550) of rice to ethanol distilleries to aid ethanol production.
What is Open Market Sale Scheme (Domestic)?
- About: Under this scheme, Food Corporation of India (FCI) sells surplus food grains (wheat & rice) from the central pool in open market via e-auction at pre-determined prices.
- Aim: To control market prices and curbs inflation.
- Eligibility: Processors / Atta Chalki / Flour Millers of Wheat Products. (Traders / Bulk Buyers are not allowed through e-auction.
- Usually, states are also allowed to procure food grains without participating in auctions.
About Food Corporation of India (FCI)
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