The Ministry of Consumer Affairs, Food, and Public Distribution has announced its decision to conduct e-auctions for the sale of rice from the buffer stock under the Open Market Sale Scheme (OMSS) to bulk consumers. This step has been taken in the interest of the public.
During a press conference in New Delhi, Food Secretary Sanjeev Chopra stated that additional rice has been allocated to fulfill the food grain requirements of the people, considering the potential disruption in rice supply due to weather-related factors.
Mr. Chopra further explained that the e-auction of rice by the Food Corporation of India serves two important purposes: controlling retail prices and assuring the market that the government possesses sufficient stock to intervene whenever necessary.
The third e-auction for the year 2023-24 is scheduled to take place tomorrow.
Through these measures, the government aims to ensure an adequate supply of rice in the market, stabilize prices, and address any potential scarcity concerns. The e-auction system enables transparency and fair competition among bulk consumers, contributing to an efficient distribution of rice across the country.