Authorities reduces FCI rice rate by using Rs 550 in step with quintal beneath open marketplace sale scheme
In a full-size circulate, the government has slashed the fee of rice procured by using the meals business enterprise of india (FCI) via Rs 550 according to quintal.
the brand new fee, set at Rs 2,250 in step with quintal, will benefit nation governments and ethanol manufacturers beneath the Open market Sale Scheme (OMSS), in step with a assertion from the Ministry of food and Public Distribution.
The revised pricing targets to support ethanol production and ensure the provision of rice for numerous nation welfare programs. This initiative is a part of the government’s method to stabilize rice markets and promote biofuel projects.
The meals Ministry referred to that this selection will help hold ok stock levels and simplicity supply chain issues. it is also anticipated to encourage ethanol manufacturing, in line with the u . s . a .’s Ethanol blending program (EBP) to acquire energy protection and decrease dependency on fossil fuels.
similarly details on implementation and distribution mechanisms are awaited.
The sale of rice to states under OMSS is restricted to non-surplus regions requiring additional supplies. The 'Bharat' brand rice sales to private millers are not permitted but are allowed for hostels, religious institutions, hospitals and charitable organisations.
"The OMSS policy aims to enhance food security and ensure efficient distribution of rice to various stakeholders," the ministry said in a statement, adding that the decision reflects the government's commitment to supporting states in fulfilling their welfare scheme obligations and promoting ethanol production.
The revision comes amid relatively low rice sales compared to wheat under the same scheme, which aims to boost availability and stabilise prices in the open market.
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