New Delhi, Aug 22 (PTI) The government today said it would offload 5-6 million tons of wheat starting from next week for open market operation and allocation to the APL consumers through ration shops.
The Cabinet Committee on Economic Affairs had approved yesterday the open market sale scheme (OMSS) for both wheat and rice to stabilise the prices in the domestic market.
Speaking on the sidelines of a CII organised bio-fuel summit at Gurgaon, Food and Agriculture Minister Sharad Pawar said: "We will study location wise wheat prices. Essentially in south India, there are many places where there seems to be an upward trend in prices." Pawar said the Committee of Secretaries would assess the price situation every week and take a decision on location where stock is to be sold.
The government would allocate more wheat for APL (above poverty line) categories in public distribution system and also invite tenders to sell wheat to the flour millers and others, the minister added.
Asked till how long this operation would continue, Pawar said it may go up till the end of this year as "we have stock for another 14 months".
The government has a wheat stock of 241.46 lakh tons as on August 8, official sources said. PTI
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