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"