The Department of Food and Public Distribution (DFPD), a statutory body under the Ministry of Consumer Affairs, Food and the Public Distribution, has fixed the reserve prices of wheat and rice.
It has not announced what quantities of these grains will be sold in the open market, that will be decided by the Food Corporation of India (FCI).
Reserve price is the minimum price at which the FCI sells from the Central Pool under the Open Market Sale Scheme-Domestic (OMSS-D) in the open market through e-auctions.
The FCI procures, stores, and distributes foodgrains through the Public Distribution System (PDS).
The scheme is used by the FCI to offer grains, mainly wheat and rice, in the open market by e-auction as a mechanism.
This mechanism helps to ensure the foodgrain availability, controls inflation, and supports farmers by maintaining minimum price levels.
India had recorded a wheat production of 117 million tonnes in 2024-25, a record high.