India  
 
NewsR.in

Government may need to find ways to deal with rising surplus rice stock

IndiaTimes Sunday, 19 November 2023
The Indian government is expected to face an excess of rice stock, almost twice the buffer requirement, due to robust paddy procurement and limited sales from the Food Corporation of India (FCI). The government will need to take measures to offload the grain, possibly through increased allocations to the poor. The decision in June to halt state purchases of rice from FCI and the suspension of rice sales to ethanol plants has impacted offloading efforts.
0
shares		ShareTweetSavePostSend
 

💡 newsR Knowledge: Other News Mentions

Food Corporation of India Food Corporation of India Indian statutory body

With 534 lakh tonnes, FCI rice stocks now at 4 times buffer requirement

 FCI struggles with surplus rice stock of 534 lakh tonnes, affecting procurement decisions. Govt must address surplus liquidation and distribution challenges to..
IndiaTimes

You Might Like


Related news from verified sources

Government may need to find ways to deal with rising surplus rice stock

 The Indian government is expected to face an excess of rice stock, almost twice the buffer requirement, due to robust paddy procurement and limited sales from...
IndiaTimes