Food Corporation Of India

Export ban on wheat to continue; record output likely: FCI CMD

Wheat production will not be affected due to recent rains, confident of achieving the output target, he added

FCI sells 491,000 tonnes wheat for Rs 2214.32 per quintal in 6th e-auction

Till fifth e-auction, 28.86 LMT wheat stock has been sold against which 23.30 LMT has been lifted as on March 14, 2023

FCI sells 508,000 tonnes wheat to bulk consumers in 3rd round of e-auction

State-run Food Corporation of India (FCI) sold 5.08 lakh tonnes of wheat to bulk consumers like flour millers in the third round of e-auction held on Wednesday. In the first two rounds, nearly 13 lakh tonnes of wheat have been sold under the Open Market Sale Scheme (OMSS) to bulk users as part of steps to cool down retail prices of the foodgrain and wheat flour. The next weekly e-auction will be held on March 1. "About 5.08 lakh tonne of wheat has been sold to bulk consumers under the OMSS today," FCI Chairman and Managing Director Ashok K Meena told PTI. The government on January 25 announced that it will offload 30 lakh tonnes of wheat in the open market. Wheat is being offloaded under the OMSS to cool down the retail prices of wheat and wheat flour (atta). To further soften the retail wheat prices, the government recently reduced the reserve price of FCI wheat offered to bulk users and also announced the sale of an additional 20 lakh tonnes of wheat in the open market. After th

FCI to offer 1.17 MT wheat to bulk consumers in 3rd e-auction on Feb 22

State-run Food Corporation of India (FCI) will offer 11.72 lakh tonnes of wheat to bulk consumers like flour millers during the third e-auction to be held next week, the food ministry said on Saturday. FCI plans to sell 25 lakh tonnes of wheat to bulk consumers under the Open Market Sale Scheme (OMSS) till March-end as part of the government's measure to check rise in domestic prices. In the last two weekly e-auctions, about 12.98 lakh tonnes wheat was sold, out of which 8.96 lakh tonnes has already been lifted by the bidders which has resulted in cooling down of retail prices of wheat and atta. In a statement, the food ministry said FCI will offer 11.72 lakh tonnes of wheat from 620 depots across the country during the third e-auction to be held at 11 am on February 22. Bidders, who have registered themselves on the e-portal of M-Junction by 10 pm on February 17, will be allowed to participate in the e-auction on February 22, it said. The last date for deposit and uploading of ..

Centre sells 4 LMT of wheat during second e-auction organised by FCI

More than 1,060 bidders participated and 3.85 lakh metric tonnes of wheat was sold during the second e-auction organised by the Food Corporation of India (FCI) on Wednesday .

FCI sells 8.88 lakh tonne wheat to bulk consumers on first day of e-auction

Wheat is being offered at a reserve price of Rs 2,350 per quintal plus freight charges

FCI sells 888k tonne wheat to bulk consumers on first day of e-auction

State-owned Food Corporation of India (FCI) has sold 8.88 lakh tonne of wheat to bulk consumers like flour millers on the first day of e-auction conducted in 22 states, the food ministry said on Thursday. FCI commenced e-auction of wheat on February 1 under Open Market Sale Scheme (OMSS) for bulk users in order to improve domestic availability and check wheat prices. On the first day, it offered for sale about 22 lakh tonne of wheat against the earmarked 25 lakh tonne under OMSS. "More than 1,100 bidders came forward for participation in the first e-auction. A quantity of 8.88 lakh tonne was sold on the first day of e-auction in 22 states," the ministry said in a statement. In Rajasthan, bidding would be conducted on Thursday, it said. Further sale of wheat through e-auction will continue throughout the country on every Wednesday till March 15, it added. Wheat is being offered at a reserve price of Rs 2,350 per quintal plus freight charges. A single buyer can quote for a maximum

FCI offers 2.2 million metric tonnes of wheat for sale in open market

Official sources said that more than 1,100 bidders came forward for participation in the e-auction

FCI to offer wheat at Rs 2,350 per quintal, Rs 300 less than base price

Commodity's prices reduce by Rs 450 a quintal on Friday after announcement of sale

A structural problem? FCI corruption case offers food for thought

Evidence of corruption unearthed at the government's key foodgrain procurement agency raises questions about whether the problem is systemic or a failure of governance

Wheat prices likely to soften by Rs 4-6 per kg over the next few weeks

But won't near MSP, which could make next procurement tough, unless there's bonus

Centre looks to trim discretionary powers of FCI officials after CBI raids

The whistle-blower policy of FCI is widely disseminated and publicised so that more people come forward to reveal wrong-doing, he said.

Cleaning up FCI's operations

Food distribution needs deeper reforms

Probe into alleged corruption in FCI a wake-up call: Piyush Goyal

Food Minister Piyush Goyal on Saturday termed the CBI investigation into alleged corruption in Food Corporation of India (FCI) a "wake-up call" for the state-owned firm and asserted that those involved in corrupt practices will not be spared. FCI - the government's nodal agency for procurement and distribution of foodgrains - would follow the principle of zero tolerance for corruption, the minister said. Goyal stated this while delivering the inaugural address at the 59th Foundation Day of FCI here, an official statement said. It's a wake-up call for the organisation and those found involved in corrupt practices will not be spared, Goyal was quoted as saying while referring to the ongoing investigation into the alleged cases of corruption in FCI. He said FCI will follow the principle of zero tolerance for corruption and there is a need to ensure that there is not a single corrupt employee in FCI. Goyal directed the officials to institutionalise a mechanism wherein whistleblowers .

'World's largest grain storage' scheme for food security soon: Report

The disruptions in food supply and high inflation due to the war in Ukraine have increased food security concerns in several countries, including India

AUM of commodities under warehousing financing show pick-up in FY23: NCML

It currently manages around 800 warehouses across the country of which almost 40 are owned by NCML

Centre may sell surplus wheat in small tranches to control atta prices

Flour millers have reportedly told the government that they have stocks for one to two months only

Private solution: Rise in storage helps securing food from damage, loss

A Business Standard analysis found ramping up capacity and engaging the private sector helped FCI's share in total storage to rise to over 50 per cent.

Wheat price rise normal; have enough stocks to meet demand: Govt

According to FCI, the wheat stock in Central pool on April 1 next year is expected to be 11.3 million tonnes, higher than the buffer requirement of 7.5 million tonnes

FCI foodgrains stock down by 37% from last year; yet higher than buffer

Centre's foodgrains stock managed by the Food Corporation of India remains 66% higher than the buffer norm