AreaIndia

Commodity GroupRice

CommodityAll

Date15/12/2023

Policy CategoryStocks

Policy InstrumentStock release

DescriptionAnnounced that the Food Corporation of India would double the maximum bid quantity for rice to 2 000 tonnes per bidder and that it would lower the minimum bid quantity from 10 to 1 tonne under its Open Market Sale Scheme (OMSS). The move was geared at stimulating greater participation in the OMSS for rice.