open market auction of foodstocks

Oppose Open Market Auction & Export Of Foodstocks

The CPI(M) strongly opposes the Government’s decision to sell 10 million tonnes of “surplus” foodstock to bulk consumers like flour millers and biscuit makers through auction under the open market sale scheme as a part of its supposed plan to tackle inflation and dispose the rising foodstocks. 2.5 million tonnes of grain will be allocated monthly through auction for the next four months on a “no profit, no loss basis”.