Now, the Food Corporation of India (FCI) - the government's nodal agency for procurement and distribution of foodgrains - is making efforts to meet its target of buying 310-320 lakh tonne in the 2024-25 marketing year to augment buffer stocks and keep surplus grains for making intervention in the open market, if needed, to control retail prices. Procurement of wheat, a major rabi (wintersown) crop, is down 11 per cent so far from 219.5 lakh tonne in the same period last year. This is mainly due to lower purchases in Madhya Pradesh and Punjab.
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