Chennai: Roller flour mills in South India may respond to the tenders floated by the Food Corporation of India (FCI) to sell 8.4 lakh tonnes of wheat under the open market sale scheme. Last week, FCI floated the tenders for bulk consumers such as flour mills and biscuit manufacturers as part of the Centre's effort to step up supply in the domestic market. Mills in Bangalore and other parts Karnataka will be purchasing wheat from the FCI tender,. Mills in Tamil Nadu will purchase wheat from FCI under the open market sale scheme.
The rates at which wheat is offered works out cheaper than buying it in markets in North India and having it transported here. FCI is giving wheat to mills in Karnataka and Tamil Nadu at Rs 1,154 a quintal. If the cost of transporting wheat to the mills from the regional centre is taken, then it works out to around Rs 1,200 a quintal.
The rates at which wheat is offered works out cheaper than buying it in markets in North India and having it transported here. FCI is giving wheat to mills in Karnataka and Tamil Nadu at Rs 1,154 a quintal. If the cost of transporting wheat to the mills from the regional centre is taken, then it works out to around Rs 1,200 a quintal.
On the other hand, if the mills are to purchase wheat from, say, New Delhi market, they will have to pay Rs 1,085 a quintal there. If packaging and transportation is taken into consideration, then the costs for the mills to get wheat at their gates work to around Rs 1,300 a quintal. Of the 8.4 lakh tonnes, FCI will sell 75,000 tonnes in Maharashtra, 60,000 tonnes in Kerala and 50,000 tonnes each in Andhra Pradesh, Tamil Nadu, Karnataka, Delhi, Madhya Pradesh and West Bengal.
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