Food Corporation of India sells surplus stocks of wheat and rice under Open Market Sale Scheme (Domestic) at pre-determined prices through e-auction in the open market from time to time to enhance the supply of food grains, especially wheat during the lean season and thereby moderate the open market prices specially in the deficit regions. Quantum for sale of wheat and rice under OMSS(D) during 2020-21 has been fixed as 150 LMT and 50 LMT, respectively.
Sale of food grains , reserveprice & MSP under OMSS (D) during the last 5 years
Year
Total Sale ( in LMT)
MSP (in Rs./Qtl)
Reserve Price (in Rs./Qtl)
Wheat
Rice
Rice(MSP derived price)
2015-16
70.77
11.11
1450/-
2090/-
1550/-
2300/-
2016-17
45.68
17.77
1525/-
2164/-
1640/-
2400/-
2017-18
14.21
4.90
1625/-
2254/-
1790/-
2500/-
2018-19
81.84
8.460
1735/-
2373/-
1875/1900/
1925/1950/-**
2655/-
2019-20
36.36
16.12
1840/-
2641
2080/2135/2190/2245/-* 2135/- for FAQ wheat** 2080/- for URS wheat of crop year 2019-20**
*Reserve price for 1st ,2nd , 3rd & 4th quarter. In 4th quarter, reserve price of wheat i.e. Rs. 2245/- per qtl. was upto 16.01.2020.
**Reserve price from 17.01.2020.