Government to sell wheat cheap to empty silos

Flour millers and biscuit makers are set to gain with the government planning to lower wheat prices sold under the open market sales scheme (OMSS). It's now the government's turn to hold distress sales as it faces storage space crunch ahead of the new harvest season.

"We had allocated 6.5 million tonne for OMSS, of which the government could find buyers for hardly 3 million tonne. We are working out proposals to lure buyers by cutting down the prices," said a food ministry official.