# Govt allows FCI to sell wheat from stocks to flour millers, biscuit makers | Agriculture - Business Standard

> India will let the state-run Food Corporation of India sell wheat from its stocks to flour millers and biscuit makers starting next month. The price is 23,250 rupees ($279) per ton, about 12% below prevailing open market prices. Last year FCI sold a record of more than 10 million tonnes.

- Date: 2024-07-10 · published 2024-07-10T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/29223-govt-allows-fci-to-sell-wheat-from-stocks-to-flour-millers-biscuit-makers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large government wheat sales at a discount add supply to the domestic market and should ease Indian wheat prices. This reduces import demand from exporters such as Russia and Australia.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-10 | [Government to resume wheat sale from FCI stock; may take a call on lifting ban in rice exports - Times of India](https://feedsoft.ai/events/29224-government-to-resume-wheat-sale-from-fci-stock-may-take-a-call-on-lifting-ban.md) | -4.1% | -2.7% |
| WHEAT | 2023-01-26 | [India to release 3 mil mt wheat from government stocks to rein in prices \| S&P Global](https://feedsoft.ai/events/37760-india-to-release-3-mil-mt-wheat-from-government-stocks-to-rein-in-prices-s-and.md) | +3.7% | +2.0% |
| WHEAT | 2025-07-10 | [Russia orders measures to boost agriculture exports after wheat sales fall in July](https://feedsoft.ai/events/14189-russia-orders-measures-to-boost-agriculture-exports-after-wheat-sales-fall-in.md) | -1.8% | -2.2% |
| WHEAT | 2019-11-13 | [Govt caught in no man's land as foodgrain mountains keep growing taller \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/56035-govt-caught-in-no-man-s-land-as-foodgrain-mountains-keep-growing-taller-economy.md) | +3.2% | +0.0% |
| WHEAT | 2026-02-25 | [India permits 25 lakh tonnes wheat export; FCI stocks at 182 lakh tonnes - The HinduBusinessLine](https://feedsoft.ai/events/20577-india-permits-25-lakh-tonnes-wheat-export-fci-stocks-at-182-lakh-tonnes-the.md) | +0.6% | +0.7% |

## Sources

- business-standard.com: https://www.business-standard.com/industry/agriculture/govt-allows-fci-to-sell-wheat-from-stocks-to-flour-millers-biscuit-makers-124071000552_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.