КУРС ЦБ $ USD 90,9873 EUR 98,7776
00:00:00  00.00.0000
Москва 0 , 0м/с
India to sell more wheat on the domestic market
Food Corporation of India (FCI) has revised norms wheat stocks to increase the volume of its sales through the public distribution system (OMSS), according to AGN. Grain Online, citing The Financial Express
Подписаться на новости

There are two norms of buffer stocks of wheat: operating reserves and the strategic reserve. The normal operational stocks has not changed, while the rule for strategic reserves was reduced from 3 million tonnes to 2 million tonnes, This will further sell 1 million tonnes of wheat through OMSS and to provide an additional amount of grain on the domestic market.

Subject to the amendments in the provisions of the stock Corporation must have stocks of wheat in the amount of 19.5 million tons on October 1 and 13.8 million tonnes on January 1.

Stocks as of 1 December was 16,49 million tonnes, which means that the Corporation will be practically no surplus stocks of wheat, beginning next year, because OMSS are sold monthly, about 2.5 million tons of grain.

According to official data, wheat stocks decreased by almost 49% during the year. As of December 1, 2015, the FCI had a wheat stocks in the amount of 26.8 million tonnes.

The Corporation sells wheat through OMSS for bulk buyers at a price of 16 400 rupees per ton, far below market prices



Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
Friday, 17 May 2024
Wednesday, 15 May 2024
Monday, 13 May 2024
Wednesday, 08 May 2024
Monday, 06 May 2024
Saturday, 04 May 2024
Friday, 03 May 2024
Friday, 26 April 2024
Thursday, 25 April 2024
Friday, 19 April 2024
Thursday, 18 April 2024
Wednesday, 17 April 2024
All news