Regardless of wheat inventory plummeting, even at present stage, it’s increased than statutory buffer inventory requirement at this level of time. As per norm, in April, FCI should have 74.6 lakh tonne of the foodgrain.
“The inventory is sufficient to meet Nationwide Meals Safety requirement and it is greater than the buffer norm. Procurement season has additionally began from March 1 and we expect a lot better procurement than previous two years,” stated an official.
Govt has estimated wheat procurement to be round 320 lakh tonne and can put govt in a snug place.
In June 2023, govt began promoting wheat in open market to extend its availability and verify costs. By Feb finish, FCI had offered over 90 lakh tonne as market intervention. Open market sale has been discontinued since public procurement has began. In case of rice, present inventory with FCI is round 270 lakh tonne, excluding near 30 lakh tonne of grain receivable from millers. As per buffer norms, FCI should hold round 136 lakh tonne rice as on April 1.
 has dropped below 100 lakh tonne for the first time since 2018, falling to 97 lakh tonne this month,){kind=link}