Source says FCI sold 95,150 tn wheat in 4th open market sale for FY19

Food Corp of India sold 95,150 tn of wheat in the fourth round of auctions under the open market sales scheme for 2018-19 (Apr-Mar). At the auction, which ended on Thursday, the agency had offered 2.4 mln tn of the food grain. Response to wheat auction has been good mainly from West Bengal, Madhya Pradesh, Punjab and Haryana. The agency had sold 102,950 tn of wheat in the third round, held on Aug 2. For Jul-Sep, the government has fixed the base price for selling wheat under the open market sales scheme at 1,900 rupees per 100 kg.