The Open Market Sale Scheme (OMSS) is a government program designed to stabilize wheat and rice markets by selling surplus stocks in the open market. Here are the key points to understand its impact on the wheat and rice market:

• Under OMSS, the government releases its surplus stocks of wheat and rice directly to the market.
• It helps in maintaining a balance between demand and supply, preventing price fluctuations due to excess supply.
• The scheme benefits consumers as it ensures availability of essential commodities at stable prices.
• OMSS affects the market by increasing the supply of wheat and rice, leading to a decrease in market prices.
• This can impact farmers negatively, as lower prices may reduce their profit margins.
• It also encourages private traders to procure directly from the government, reducing dependence on intermediaries.
• By selling surplus stocks, OMSS helps the government manage its food reserves efficiently and reduce the burden of storage.

Overall, the Open Market Sale Scheme aims to ensure stability in the wheat and rice market by balancing supply and demand, benefiting consumers while potentially impacting farmers and promoting efficient food reserve management.