Govt to offload 2 million tonnes more wheat in open market to cool prices

The proposal to add wheat stocks in the open market was taken by a group of ministers, sources said

To further cool prices, the Centre has decided to offload an extra 2 million tonnes (mt) of wheat in open markets in the next few weeks. This will be in addition to the 3 mt already approved for sale on January 25.

The extra sale comes amid concern about the coming wheat crop as the India Meteorological Department (IMD) in its latest weather update said maximum temperatures were likely to be above normal by 3-5 degree Celsius in northwest, central, and West India over the next five days.

According to an official statement, the extra 2 mt will be for