In the first weekly auction for rice under the Open Market Sale Scheme (OMSS) the week of April 6-10, bids for only 150 tonnes were received by FCI while the corporation goal is to sell around 2 million tonnes in the market during 2015-16.
On April 1, FCI has rice stocks of 23.7 million tonnes — as per buffer stock norms, the corporation should hold around 13.5 million tonnes of rice.