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 Grade ‘A’ rice under OMSS(D) during 2019-20 has been fixed as 100 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)
2014-15
42.37
-*
1400/-
-
1570/-
2015-16
70.77
11.11
1450/-
2090/-
1550/-
2300/-
2016-17
45.68
17.77
1525/-
2164/-
1640/-
2400/-
2017-18
14.21
49.00
1625/-
2254/-
1790/-
2500/-
2018-19
81.84
84.60
1735/-
2373/-
1875/1900/
1925/1950/-**
2655/-
*Sale of rice was not undertaken under OMSS(D) 2014-15.
**Reserve price for 1st ,2nd , 3rd & 4th quarter.
Link for OMSS (D) Policy, 2019-20