Market price

FCI, NAFED Selling Food Products At Higher Than Market Price, Claims CAIT

The government-owned Food Corporation of India and NAFED sell wheat, gram and other pulses at rates much higher than the prevailing market price, the country’s supreme traders body said on Sunday. , a development that could disrupt all efforts to provide relief to the poor amid the COVID-19 crisis.

The Confederation of All Indian Traders (CAIT) drew the government’s attention to the issue in a letter to Home Secretary Amit Shah.

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“It is very unfortunate that FCI and NAFED have started selling goods at a much higher price than the market price,” he said.

“The FCI sells wheat at Rs 2450-00 per quintal and the market rate is Rs. 2050 per Quintal. Likewise, NAFED has sufficient stock of Chana, Moong Daal and Sarson, which they sell at a price higher than the market rate, ”the letter said.

These two institutions should be advised to sell below market price and send it to the millers to ensure rapid production, he said.

CAIT has also sought to streamline curfew passes for traders and carriers, failing which, the country could face a severe shortage of basic necessities in the coming days.

“Traders across the country, especially those dealing with basic necessities, are very concerned that the necessary passes are not available for traders and their employees, as well as for transporters and their workers. As a result, the movement of essential products from wholesalers to retailers is restricted. said the letter.

“We would like to inform you that wholesalers and distributors across the country have large stocks of essential products for at least the next 15-20 days, but essential product retailers may be out of stock in the next few days,” because the stocks of the retailers were not filled ”, he declared