The Indian government plans to lower the price of wheat it is selling under the open market sales scheme (OMSS) due to lack of buyer demand. Of the 6.5 million tonnes allocated for the OMSS, the government has only sold 3 million tonnes. Pressure to open up storage space is high as growers are set for another bumper crop. Millers call for a more consistent procurement system.
Govt to Sell Wheat Cheap in a Bid to Empty its Silos
on January 22, 2013