Government of India has reintroduced Open Market Sales Scheme (Domestic) during the months of February & March 2023. The first e-auction will be conducted on February 01, 2023 for which the e-auction notice was floated on January 27, 2023 by FCI Madhya Pradesh Region.

In this scheduled e-auction on February 01, 2023 approximately 4.5 Lakh Metric Tonnes of the stock of Wheat has been offered throughout the state of Madhya Pradesh. The sale under this scheme is being implemented to intervene in the market for price stabilization of Wheat/Atta.

Under the scheme, Wheat FAQ would be sold @ Rs 2350/Qtl for FAQ wheat of all crop years and Wheat URS would be sold @ Rs 2300/Qtl for URS wheat of all crop years in Madhya Pradesh Region through e-auction. The e-auction would be conducted on m-junction platform (website). Also, in this regards a Video Conferencing was conducted on 28.01.2023 with tentative bidders, i.e. roller flour millers, traders and other buyers and the modalities for participation were explained. General Manager (Region), Food Corporation of India, Madhya Pradesh has apprised that every week auction will be conducted during the above mentioned period under this scheme by Madhya Pradesh region, for which sufficient surplus stock of Wheat is available in Madhya Pradesh state within central pool.

This would reduce the existing market price of Wheat and Wheat Products and would also make space for RMS 2023-24 stocks which is planned to be procured from April 2023.

He also informed that Food Corporation of India and State machinery are fully prepared to ensure that all the Flour Mills/ Traders/ Empanelled Bulk Buyers/ Manufacturers of Wheat Products lift the stock purchased under OMSS (D) within lifting period.