Raw Rice Grade-A shall be sold under OMSS(D) through the process of e-auction on the e-platform of NCDEX Spot to the empanelled bulk consumers / traders during 2015-16.The uniform reserve price of Raw Rice Grade ‘A’ for a e-auction is Rs.2300/- per quintal plus applicable taxes.
The e-auction shall be a two stage process; i. Empanelment of bulk consumers/traders: Empanelment of bulk consumers/traders shall be carried out by the Service Provider appointed by FCI (NCDEX Spot Exchange Ltd. at present). ii. E-auction by the service provider on electronic platform.
The food grains will be sold on “as is where is basis”