The Food Corporation of India (FCI) has invited bids for the sale of rice through e-auction under the Open Market Sale Scheme (Domestic) [OMSS(D)].
The move is aimed at increasing the availability of food grains in the open market and helping stabilise prices.
Key Highlights
- 50,000 metric tonnes of rice offered from Maharashtra
- Additional 40,000 metric tonnes from Punjab and Andhra Pradesh
- E-auctions scheduled for March 25 and 26, 2026
- Minimum bid quantity fixed at 2,650 metric tonnes
- Scheme aims to control price fluctuations and ensure supply
Large-Scale Rice Release Planned
Under the scheme, FCI will offer a total of 50,000 metric tonnes of rice from its Maharashtra stocks through e-auction.
An additional 40,000 metric tonnes of non-fortified custom milled rice comprising 10% broken rice will also be made available through a dedicated movement arrangement.
This includes supplies sourced from Punjab and Andhra Pradesh.
Official Statement
FCI officials said the e-auction process is open to bulk consumers and traders who register through the authorised platform.
Successful bidders will be required to specify delivery locations to facilitate movement and distribution.
How the E-Auction Works
Interested participants must register with FCI’s designated e-auction service provider before placing bids.
The minimum quantity for bidding has been set at 2,650 metric tonnes, ensuring participation from large buyers and institutional consumers.
The auctions will be conducted online, ensuring transparency and efficiency in allocation.
Context and Background
The Open Market Sale Scheme (Domestic) is a key policy tool used by the government to release excess food grain stocks into the market.
By increasing supply, the scheme helps moderate prices, especially during periods of inflation or supply constraints.
Public Impact
The release of additional rice stocks is expected to ease pressure on market prices and improve availability for consumers.
Bulk buyers such as millers and traders can access these supplies, which may help stabilise retail prices over time.
Conclusion
The latest e-auction under OMSS reflects ongoing efforts to manage food grain supply and price stability.
With significant quantities being released, the initiative is likely to support both market balance and consumer interests in the coming weeks.
Source: PIB
Last Updated on: Monday, March 23, 2026 4:31 pm by Monisha Angara | Published by: Monisha Angara on Monday, March 23, 2026 4:24 pm | News Categories: Mumbai
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