During their meetings with government officials, flour millers have claimed that they have stocks for one-two months and may not be able to meet the demand. At the same time, some large traders are seen to be sitting on a pile of wheat, which they are not releasing, hoping to encash on the higher price in the coming months.
With the Food Corporation of India (FCI) sitting on surplus it had 227 lakh tonnes of wheat stock in the central pool against the minimum required stock (buffer stock) of 205 lakh tonnes -&nbsp;there is demand for market intervention, something that the government has hinted at.
The stock projected for April 1 in 2023 is 113 lakh tonnes while the buffer stock should be at least 75 lakh tonnes. The fresh wheat crop will start arriving in mandis from the first week of April.
"We have urged the government to make around 40 lakh tonnes of wheat from its stock available in the open market. They have surplus of wheat over the required buffer stocking norm. The availability of wheat in market will cool down prices and will be a deterrent for players who have been holding back their stocks in anticipation of further increase in prices," said Pramod Kumar S, president of Roller Flour Millers' Federation of India.
The federation has suggested that the government should announce the open sale of wheat from FCI stock in November and tenders should be floated in December for the total quantum which may be released during the next four months.&nbsp;The reserve price for the wheat may be announced as deemed fit by the government, it said. An official said that the proposal is being looked into to release small quantities but a final decision is yet to be taken.

Govt may sell wheat stock in tranches to check atta prices

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