FCI offers 11.88 LMT wheat through e-auction

In the sequel of weekly e-auctions of wheat, the Food Corporation of India (FCI) conducted 5th e-auction under which 11.88 LMT wheat was offered. The stock of wheat was brought from 657 depots across 23 Regions of FCI.

The price of wheat has cooled down to below Rs.  2200/Quintal on an average, as per the auction, according to the bids offered at this auction.

Such sale has contributed significantly in cooling down the price of both wheat and atta across the country. It seems their prices will remain stabilized now.

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