An August 27 report in BusinessLine, ‘With stocks piling up, FCI is in deep trouble’, said the Food Corporation of India was sitting on a mountain of grains.
Since then, though some stock has been cleared through the Open Market Sale Scheme (OMSS) and some quantities have been routed to food security schemes, rice procurement since October (after the Kharif harvest) has renewed the pressure on the FCI.
Currently, it holds 56.45 million tonnes (mt) of grains (21.2 mt of rice and 35.17 mt of wheat) as also 25.9 mt of un-milled paddy (that will come to 16-17 mt of rice).
The FCI’s total storage capacity is 84.3 mt, including capacities available with State agencies, and the corporation is under pressure to clear its stock in many States.
Procurement surge
Diese Geschichte stammt aus der January 06, 2020-Ausgabe von The Hindu Business Line.
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