Wheat Price In India: The increased prices of wheat in the country have increased the concern of the central government. If the price of wheat increases, its effect is clearly visible on the prices of flour as well. The central government is continuously taking steps to reduce the price of wheat. In order to control wheat prices, the central government had recently announced the release of 30 lakh tonnes of wheat in the market. The effect of this announcement of the central government has been seen on the prices of wheat. Now the exercise is being done from the level of the central government. Even more than that, the common man can get concession to a great extent.
25 lakh tonnes of wheat will be released by the end of March
On the instructions of the Central Government, the Food Corporation of India (FCI) is handling the entire responsibility of selling wheat. FCI will monitor the sale of wheat directly and indirectly to the wholesalers and retailers of the country. FCI has made a plan to release 25 lakh tonnes of wheat by the end of March. Its entire blueprint has been prepared from the level of the central government.
12.98 lakh tonnes of wheat has been sold
The central government has so far auctioned wheat for two rounds. In this, 12.98 lakh tonnes of wheat has been released. Right now 11.72 lakh tonnes of wheat will be released by the central government. Preparations are on to release this till March.
The third round of auction will be held on February 22.
The central government will auction the third round on February 22. Wheat will be available in 620 godowns of FCI from across the country. Traders will buy wheat, for this they will have to register at M Junction. The auction will be completely online.
And there will be a reduction in the prices of wheat
The effect of the decision of the central government can be seen on the prices of wheat and flour in the country. Due to the exercise done by the Central Government, a reduction of up to Rs 5 per kg has been recorded in the prices of wheat. It is expected to decline further.
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