New Delhi: FCI is sitting on store About 534 million tons of rice, four times the buffer required on July 1, is enough to meet demand for a year even without fresh purchases.
According to Food Corporation of India (FCI), as of May 1, the company had 317 million tonnes of rice and 217 million tonnes of grain receivables from millers. Meter conversion. As of July 1, FCI needs to maintain 135 million tons of inventory.
“The new government will have to make decisions on how to clear excess rice stocks,” one source said. Officials acknowledged that the rising stocks were a concern.
this Rice purchase The rice production of government agencies this season has exceeded 686 million tons, which is converted into rice production of 459 million tons. This is down about 7% from the same period last fiscal year. Additionally, agencies aim to purchase around 10 lakh tonnes of rice during the ongong rabi selling season in Odisha, Telangana, Tamil Nadu and Andhra Pradesh.
FCI requires around 40 lakh tonnes of rice every year for distribution to 80 crore beneficiaries under Pradhan Mantri Garib Kalyana Anna Yojana (PMGKAY), each of whom is entitled to 5 kg of foodgrain free of charge.
In February, the government sold 10-kg bags of Bharat brand rice at Rs 29 per kg across the country to increase supply and curb rising prices. Officials said the FCI has so far received purchase orders for 1.5 million tonnes of rice for the sale of ‘Bharat’ rice from agencies such as Nafed, NCCF and Kendriya Bhandar, which have so far procured around 700,000 tonnes of rice.
According to Food Corporation of India (FCI), as of May 1, the company had 317 million tonnes of rice and 217 million tonnes of grain receivables from millers. Meter conversion. As of July 1, FCI needs to maintain 135 million tons of inventory.
“The new government will have to make decisions on how to clear excess rice stocks,” one source said. Officials acknowledged that the rising stocks were a concern.
this Rice purchase The rice production of government agencies this season has exceeded 686 million tons, which is converted into rice production of 459 million tons. This is down about 7% from the same period last fiscal year. Additionally, agencies aim to purchase around 10 lakh tonnes of rice during the ongong rabi selling season in Odisha, Telangana, Tamil Nadu and Andhra Pradesh.
FCI requires around 40 lakh tonnes of rice every year for distribution to 80 crore beneficiaries under Pradhan Mantri Garib Kalyana Anna Yojana (PMGKAY), each of whom is entitled to 5 kg of foodgrain free of charge.
In February, the government sold 10-kg bags of Bharat brand rice at Rs 29 per kg across the country to increase supply and curb rising prices. Officials said the FCI has so far received purchase orders for 1.5 million tonnes of rice for the sale of ‘Bharat’ rice from agencies such as Nafed, NCCF and Kendriya Bhandar, which have so far procured around 700,000 tonnes of rice.
