Govt further cuts reserve price of FCI wheat to Rs 2,150 per quintal

States are allowed to purchase wheat from FCI for their own scheme at the proposed reserve prices without participating in e-auction

With purchase of wheat slowing down, the Centre on Friday, in a bid to check prices, further reduced the reserve price of FCI wheat to Rs 2,150 per quintal for bulk consumers under the Open Market Sale Scheme (OMSS). The move brought the reserve price closer to the 2023-24 minimum support price (MSP) of Rs 2,125 per quintal.

According to the food ministry, the reserve price of fair and average quality (FAQ) wheat has been reduced to Rs 2,150 per quintal, and Rs 2,125 for under relaxed specifications (URS) wheat. These rates will be applicable till March 31, the ministry