The stocks of wheat and rice with FCI are seeing a five year low to 37.6 (MT). The Food Corporation of India has wheat stock of 21 MT on November 1 , which is considered to be a six year low against the buffer requirement of 13.8 MT for the commencement of next year.
The current stock of 16.6 (MT)of rice is a lot more than double the buffer requirement of 7.6 MT of January 2023.According to the food ministry officials several farmers (around 1.35 million) have given 47,000 crore as Minimum Support Price (MSP) since the commencement of procurement on October 1 . Rice Production has hit the record of 130.29 MT in the 2021-2022 crop year.
News by : Anisha Sengupta
