Open Market Sale Scheme
On 13th June, 2023, the Centre discontinued the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments.
- Under OMSS, the Food Corporation of India (FCI) sells surplus stocks of wheat and rice at pre-determined prices through e-auction in the open market.
- To enhance the supply of food grains, especially wheat, during the lean season and thereby moderate the open market prices, especially in the deficit regions.
- The FCI conducts a weekly auction to conduct this scheme in the open market using the platform of commodity exchange National Commodity and Derivatives Exchange Limited (NCDEX).
- The ....
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