Govt weekly wheat sale via open mkt sales scheme rises to 65,700 tn.

The government sold 65,700 tn wheat under the open market sales scheme through tenders that closed on 15 Feb, up from 56,300 tn a week ago. For 2017-18 (Apr-Mar) open market sales, the government has set the base price of 1,790 rupees per 100 kg for procuring states, and an additional cost equivalent to ex-Ludhiana freight for non-procuring states. For the first time since the beginning of this year, some purchases happened in Madhya Pradesh due to the recent announcement of bonus on the minimum support price by the state government. Madhya Pradesh government recently announced a bonus of 200 rupees per 100 kg on the minimum support price of 1,735 rupees for the grain procured in 2018-19 marketing year starting April.