Centre will continue to bar states from buying rice from FCI stock
Monday, 23 October 2023
The Centre will continue to not allow state governments to buy rice from its buffer stock held by the Food Corporation of India under the open market sale scheme, even as fresh procurement has started. Less than 1% of the rice it offered in the market was sold in the past four months. Till the first week of October, FCI has sold only 1,210 tonnes of rice out of the nearly 9.34 lakh tonnes offered by it since June 28 as a market intervention measure to check prices.
The Centre will continue to not allow state governments to buy rice from its buffer stock held by the Food Corporation of India under the open market sale scheme, even as fresh procurement has started. Less than 1% of the rice it offered in the market was sold in the past four months. Till the first week of October, FCI has sold only 1,210 tonnes of rice out of the nearly 9.34 lakh tonnes offered by it since June 28 as a market intervention measure to check prices.
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