The UPA Govt. itself
confirmed “Wheat Import Scam is Wheat
Hedging Scam”. Govt. owned PSU Project
Engineering Corporation has tendered
50,000 tonnes of imported wheat @ $385
i.e. Rs.15.75 per kg against the price of
$435 i.e. Rs. 17.75 per kg offered by
MNC’s such as Cargil.
The “Wheat Import Scam”
will now cost govt. more than Rs.3000
crores, charged BJP leader Dr. Kirit
Somaiya. BJP has questioned the
“Philosophy” of Congress – UPA Govt. of
paying Rs.17.75 per kg for inferior
quality of wheat against Rs.7.50 per kg
paid to Indian Farmers.
PEC official stated that
“we have managed to offer chaeaper wheat
than the MNCs because of our positions on
Chicago Board of Trade. We have wheat
cheaper than what Cargill is offering to
STC because of the timing of our
positions. Since we bought positions when
wheat was cheaper we have an immediate
advantage.”
In May end the MNC’s had
quoted $267 i.e. Rs.10.67 per kg. Food &
Public Distribution & Consumer Affair
Ministry rejected the offer with reason
that “To pay Rs.10.67 per kg will result
into discontent among the domestic farmers
as they have been offered Rs.7.50 per kg
only.
BJP charged that the UPA
Govt. particularly Food, Civil Supply &
Consumer Ministry has given ‘opportunity’
to MNC’s & Corporates to hedge wheat a
cheaper rate at Chicago Commodity Exchange
(CBOT) and now sale the same to Govt. at
“Double Rate”.
It is understood that the
Import Prices shall be finalised and order
will be issued at such higher price on 3rd
September. It is unique that the Wheat
Crop has gone up from 75 million MT
against 69 million MT of previous year.
BJP once again demands CBI investigation
of ‘Wheat Scam’.
Prices of Present Import –
STC
|
Sr. No. |
MNC /Company |
Quantity Offered (MT) |
Price |
|
Dollar per MT |
Rs. per kg |
|
1 |
Project Engineering
Corporation (PSU) |
50,000 |
385 |
15.78 |
|
2 |
Glencore (MNC) |
3,00,000 |
385 |
15.78 |
|
3 |
Toepfer |
70,000 |
400
to
434 |
16.40
to
17.79 |
|
4 |
Ameropa |
25,000 |
|
5 |
Starcom |
5,000 |
|
6 |
Cargil |
80,000 |
|
Total |
6 MNCs /Companies |
5.3 Lakh |
385 to 434 |
15.78 to 17.80 |
Ø
STC – i.e. Govt. to issue import order on
3 September for 5.3 Ton @ Rs.17 per kg
(Average price)
Ø
Indian farmers were given Rs.8.50 per kg.
Domestic Retail Price of good quality is
Rs.12 per kg.
Ø
2006-07 – 50 lac tones imported @ Rs.8.40
per kg.
