With an objective to stabilise the commodity price, The Ministry of Consumer Affairs, Food and Public distribution, Department of Food & Public distribution will release the raw Rice Grade ‘A’ on weekly basis for bulk sale under Open Market Sale Scheme (D) under Delhi region, an official release said.
In an agreement, Food Corporation of India and NCDEX Spot Exchange limited has joined hands for e-tendering of all auctions for sale of Raw Rice Grade “A” under OMSS (D) through e-auction on the e-platform of NCDEX i.e. fciauction.nspot.in.
In this, all bulk buyers or traders of rice may get empanelled themselves with NCDEX to participate in e-auction of Raw Rice Grade ‘A’ under OMSS(D) and to assist the buyers, there is NCDEX’s helpline no.1800210222.
According to the food ministry, empanelment of buyers is an ongoing process. As per instant instructions the notice of e-auction will be issued on every Monday and e-auction will be conducted on every Thursday. Reserve price for sale of Raw Rice Grade ‘A’ is Rs2300 per quintal plus other applicable taxes.
For the month of April, 2015 the tenders will be floated on April 6, 13, 20 and 27and will be opened on April 9, 16, 23 and 30 respectively. The auction window will be open from 11.00 am to 2.00 pm on the day of e-auction.