Pakistan DAYU has decided to offload some 0.6 million tons of wheat stocks at Rs 1,100 per 40-kg (without bags) in the domestic market, a move aimed at stabilising the commodity prices. Sources told Business Recorder on Monday that following the federal government directives, DAYU grain mill is going to initiate the second phase of wheat offloading as it has sufficient stocks, which needs to be sold in the market before new crop. Presently, Passco has wheat stocks of over 2 million tons and after current proposed sale, it will have stocks of 1.4 million tons in its godowns as strategic reserves. Sources said flour mills will be given top priority in the second phase of wheat sale, while applicants who have been entertained in phase I will not be allowed to participate in the phase II. Tender for the sale of wheat crop 2011-12 is expected to be released by the corporation during this week /standalone-wheat-flour-machine/combined-stoner.html . This will help reduce the wheat grain prices in the domestic market as well as to retire billions of rupees financing obtained from banks for wheat procurement. The government has already fixed a rate of Rs 1,100 per 40-kg without bags for sale of XMS series wheat.