New
Delhi: The government of India has decided would release
365,000 tonnes of the grain to states for sale in open
markets in February and March to curb prices.
The
food ministry said the wheat would be released by the
state-run Food Corp. of India at Rs986.06 per 100kg, and
would be sold to consumers.
The
ministry said the institutions should distribute the wheat
to consumers on a no profit, no loss basis, and only reasonable
handling and transportation cost should be added to the
price.
If states want to distribute it in the form of wheat flour,
they could add a reasonable milling charge, it said.
Maharashtra
and Karnataka would receive 60,000-tonne for sale, while
30,000 tonne would be released in Delhi, and 25,000 tonne
in Kerala. More wheat will be released in to other states.
India has forecast production of 72.5 million tonne of
wheat in 2007 against output of 69.4 million tonne in
2006, when it was forced
to import 5.5 million tonne of the grain.
Wheat
at Delhi markets was being sold at around 1,060 rupees
per 100 kg.
|