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The central government can provide relief to the people in the era of rising inflation. It is being told that the price of wheat is likely to fall. According to sources, the government has decided to sell 30 lakh tonnes of wheat in the open market. This may lead to a fall in the prices of wheat and flour by Rs 4 to 6 per kg.
According to information, the government has announced on Wednesday to sell 30 lakh tonnes of wheat from its buffer stock in the open market to control the rising prices of wheat and its flour. This wheat will be sold by the Food Corporation of India through e-auction to wheat and flour mill owners in the next 2 months. The possibility of a major fall in wheat prices seems limited and prices will remain above the Minimum Support Price (MSP) of Rs 21.25 per kg for 2023-24 (April to March).
In this regard, market sources said that unless the central government announces a bonus above the minimum support price for 2023-24, it may be difficult for the center to replenish stocks in the new marketing season. Also let us tell that this year the average price of wheat flour was recorded at Rs 37.95 per kg and last year this price was Rs 31.41 per kg.
The post Wheat can be cheap, central government has taken a big decision appeared first on On Air 13.
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