Following the massive increase in wheat prices and wheat flour over the past couple of days, the government has taken the necessary step to provide relief to ordinary men. The average person will receive relief from this decision made by the government prior to harvesting time. This is because the Food Corporation of India (FCI) has sold 5.08 millimetric tonnes of grain to large customers such as flour mills during the third auction round which was held on Wednesday. In the two previous rounds, nearly thirteen lakh tons of wheat were offered to large-scale users in the Open Market Sale Scheme (OMSS) in an effort to reduce the cost of retailing wheat flour.
The idea is to launch 30 million tonnes of wheat in the market open to all.
The auction will take place on March 1st in the next e-auction of the week. FCI President and Director of Management Ashok K Meena said, “Around 5.08 lakh tonnes of wheat was sold to bulk buyers under OMSS.” Government officials announced on the 25th of January that it will launch 30 millimetric tonnes of wheat on the market.
 The wheat is sold under the OMSS. OMSS to lower the price of the wheat crop and flour. In order to further ease the retail price of prices for wheat the government recently cut the reserve price for FCI wheat for bulk buyers and announced the selling of two million tonnes of wheat on the market.
The cost of flour and wheat sank
Following an announcement about the OMSS policy in the last week. The Food Ministry has said that the cost of wheat and flour has dropped. However, the figure for inflation in January 2023 was at the highest level in three months which was 6.52 percent. According to the data of the government, the median price of wheat in the major cities was 33.09 per kg. In contrast, the median price for wheat flour was 38.75 per kilogram. This week, the ministry decreased the reserve price for wheat of fair quality and average quality to Rs . 2,150 per quintal. In contrast, the reserve price of wheat that was of lesser quality was cut to Rs. 2,125 per quintal.
India’s wheat production fell in the range of 107.74 million tonnes
during the 2021-22 season (July-June) as compared to 109.59 million tonnes the previous year because of the heatwave that was affecting some of the producing states. In comparison to last year’s purchase of around 43 million tonnes this year’s supply has dropped to 19 million tons. For the current season 2022-23, the production of wheat is expected to grow up to 11.35 crore 21.8 lakh tonnes because of increased area for wheat cultivation and a higher yield. However, the rising temperatures during this month in the major states that produce wheat have become a concern to agricultural scientists as well as policymakers.
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