The government of India launches Phase II of subsidized wheat flour and rice sale

Published 2024년 11월 5일

Tridge summary

The Indian government has initiated the second phase of retail sales of wheat flour and rice under the Bharat brand at subsidized prices to offset high market rates. The sales will be conducted through cooperatives and e-commerce platforms, with wheat flour priced at Rs 30 per kg and rice at Rs 34 per kg in 5kg and 10kg packs. The government has allocated a total of 6.60 lakh tonnes of these staples from the Food Corporation of India for this retail intervention, which will continue until the stock runs out. The pricing strategy is aimed at providing relief to consumers rather than focusing on sales, as the government also plans to investigate why prices are stable despite surplus rice stocks.

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Original content

New Delhi, Nov 5 (PTI) The government on Tuesday launched phase-II retail sales of wheat flour and rice under the Bharat brand at subsidised rates to provide relief to consumers from high prices. Wheat flour (atta) will be sold at Rs 30 per kg and rice at Rs 34 per kg in 5kg and 10kg packets through cooperatives NCCF, Nafed and Kendriya Bhandar and e-commerce platforms. The government has allocated 3.69 lakh tonne of wheat and 2.91 lakh tonne of rice from the Food Corporation of India (FCI) for the phase-2 retail intervention under the Price Stabilisation Fund. “This intervention will continue till the allocated stock gets exhausted. If more (is) required, we have enough stock and will allocate again,” Joshi said. Under the new pricing structure, wheat flour will be available in 5kg and 10kg packs at Rs 30 per kg, while rice will be sold at Rs 34 per kg — a slight increase from Phase-I rates of Rs 27.5 and Rs 29 per kg, respectively. Addressing concerns over lower rice sales in ...

Source: Theprint