NEW DELHI: The FCI is sitting on a stockpile of round 534 lakh tonnes of rice, which is 4 occasions the required buffer for July 1 and sufficient to satisfy necessities for one 12 months even when there isn’t a recent procurement.
As per the Meals Company of India (FCI) information, as on Could 1, it had 317 lakh tonnes of rice and one other 217 lakh tonnes of grain receivable from millers.The millers get paddy procured by FCI for rice conversion. The FCI wants to keep up a inventory of 135 lakh tonnes as of July 1.
“The brand new govt must take a name on the right way to liquidate surplus rice inventory,” a supply mentioned. Officers admitted that the rising inventory is a matter of concern.
The paddy procurement by govt companies has crossed 686 lakh tonne, which interprets to 459 lakh tonne when it comes to rice, within the present season. That is round 7% decrease than the identical interval within the final monetary 12 months. Furthermore, companies are concentrating on to buy round 100 lakh tonnes of rice within the ongong rabi advertising and marketing season in Odisha, Telangana, Tamil Nadu and Andhra Pradesh.
The FCI requires round 400 lakh tonnes of rice yearly to distribute to 80 crore beneficiaries beneath Pradhan Mantri Garib Kalyana Anna Yojana (PMGKAY), which entitles them to free 5 kg foodgrain every.
In Feb, govt had launched sale of Bharat model rice in 10 kg luggage at Rs 29 per kg throughout the nation to spice up availability and to test any worth rise. Officers mentioned FCI to this point has acquired buy indent for 15 lakh tonne of rice from the companies equivalent to Nafed, NCCF and Kendriya Bhandar for promoting “Bharat” rice and these companies have to this point lifted round 7 lakh tonne.
As per the Meals Company of India (FCI) information, as on Could 1, it had 317 lakh tonnes of rice and one other 217 lakh tonnes of grain receivable from millers.The millers get paddy procured by FCI for rice conversion. The FCI wants to keep up a inventory of 135 lakh tonnes as of July 1.
“The brand new govt must take a name on the right way to liquidate surplus rice inventory,” a supply mentioned. Officers admitted that the rising inventory is a matter of concern.
The paddy procurement by govt companies has crossed 686 lakh tonne, which interprets to 459 lakh tonne when it comes to rice, within the present season. That is round 7% decrease than the identical interval within the final monetary 12 months. Furthermore, companies are concentrating on to buy round 100 lakh tonnes of rice within the ongong rabi advertising and marketing season in Odisha, Telangana, Tamil Nadu and Andhra Pradesh.
The FCI requires round 400 lakh tonnes of rice yearly to distribute to 80 crore beneficiaries beneath Pradhan Mantri Garib Kalyana Anna Yojana (PMGKAY), which entitles them to free 5 kg foodgrain every.
In Feb, govt had launched sale of Bharat model rice in 10 kg luggage at Rs 29 per kg throughout the nation to spice up availability and to test any worth rise. Officers mentioned FCI to this point has acquired buy indent for 15 lakh tonne of rice from the companies equivalent to Nafed, NCCF and Kendriya Bhandar for promoting “Bharat” rice and these companies have to this point lifted round 7 lakh tonne.
