Food Corporation of India (FCI) offered a total quantity of 651120 MT of wheat and 797493 MT quantity of rice by all regions that is Bihar, Jharkhand, Odisha and West Bengal in east India, out of which a total quantity of 318740 MT of wheat and 45750 MT of rice has been sold so far under Open Market Sale Scheme- Domestic (OMSS).
OMSS refers to offering of food grains such as wheat and rice in the open market at prices, fixed by the ministry of CAF and PD, Government of India through e-auction in order to control the prices in the market by providing food grains at reduced prices with the aim to curb inflation.
Under the Scheme, Govt. of India through FCI, offers wheat to processors, flour millers of wheat products through e-auction. An eligible bidder can bid for a minimum quantity of 10MT to max. of 100 MT in case of wheat. In case of rice, traders are eligible and can bid a minimum quantity of 10 MT and max. quantity of 1000 MTs.
The bidder must have a valid FSSAI license, GST, Trade Tax Registration, PAN and he must declare his existing stock holding in the WSP Portal of Govt. of India in the case of wheat.
All Regional offices of FCI under Zonal Office (East), Kolkata that is Bihar, Jharkhand, Odisha and West Bengal are offering wheat and rice from the stocks lying at FCI, agencies depots on every Friday through m-junction platform at www.valuejunction.in/fci. existing rate is Rs.2150 per quintal for wheat (FAQ), Rs 2125 per quintal for wheat (URS), Rs 2900 per quintal for normal rice and Rs 2973 per quintal for fortified rice (Boiled and Raw) with applicable taxes.
Eligible parties/bidders, who fulfill above prescribed criteria are advised to take part in the e-auction through their respective States as the auction is being carried out on a weekly basis.