Area
India
Commodity Group
Rice
Commodity
All
Date
30/04/2021
Policy Category
Stocks
Policy Instrument
Stock release, biofuels
Description
Decided that, for the 2021/22 Open Market Sales Scheme (OMSS), a reserve price of rice of INR 20 000 (USD 272) per tonne would remain set for state and central government schemes, including for ethanol production, and for private entities participating in tenders to source supplies for ethanol production. For all other private entities participating in tenders, the reserve price would be set at INR 22 000 (USD 300) per tonne, down 2 percent from the level set during the 2020/21 OMSS run. A total of 5.0 million tonnes would be set aside for the OMSS, subject to review. Moreover, in view of the COVID-19 situation, States and union territories would be permitted to retrieve supplies, at the reserve price, with or without e-auctions.
Notes
Exchange rate as of 15 May 2021.
