NEW DELHI: The federal government is more likely to face the “drawback of loads” of rice inventory as soon as once more, barely 5 months after it stopped promoting the meals staple from its buffer inventory to state governments, citing that the transfer was aimed toward placing a verify on costs.
With strong paddy procurement in the course of the present kharif advertising and marketing season (KMS) and little or no sale of rice from FCI inventory within the open market, the company is more likely to be saddled with greater than twice the buffer requirement by the tip of present procurement season, as per estimates.
To deal with rising inventory, and that too of fortified rice, the federal government might want to take measures to dump the grain, officers mentioned. The elections subsequent 12 months could give the federal government a possibility to allocate extra foodgrain to the poor, they added.TOI has learnt that the Centre’s resolution in June to scrap the coverage of permitting states to purchase rice from FCI beneath ‘open market sale scheme’ (OMSS) for their very own programmes has impacted the offloading of extra rice. Furthermore, placing on maintain the sale of rice to grain-based ethanol crops has additionally contributed to this. Because the e-auction of rice began in July, FCI has bought barely one lakh tonne of rice within the open market, making the goal to promote 25 lakh tonnes to bulk patrons by subsequent March virtually unattainable.
Authorities knowledge present that to this point FCI and state authorities businesses have bought about 170 lakh tonnes of rice within the present procurement season that commenced final month. Officers mentioned they’re assured of the procurement crossing 500 lakh tonnes as the acquisition in some states equivalent to Odisha and Jharkhand has not but began. At the moment, FCI has 194 lakh tonnes of rice, towards the buffer requirement of 76 lakh tonnes for January 1. This inventory excludes 230 tonnes of rice which is but to be obtained from the millers. Furthermore, in the course of the subsequent Rabi advertising and marketing season the federal government expects the rice procurement to be round 50-60 lakh tonnes.
Officers mentioned even the opening inventory of rice with FCI as on October 1 was 221 lakh tonnes and this was greater than double the required buffer inventory. They added that the great tempo of procurement within the present season will push the inventory additional.
As per authorities estimates, the Centre wants round 400 lakh tonnes of rice yearly to satisfy the free ration scheme, Pradhan Mantri Garib Kalyan Anna Yojana beneath which almost 81 crore folks get 5 kg foodgrain each month.
With strong paddy procurement in the course of the present kharif advertising and marketing season (KMS) and little or no sale of rice from FCI inventory within the open market, the company is more likely to be saddled with greater than twice the buffer requirement by the tip of present procurement season, as per estimates.
To deal with rising inventory, and that too of fortified rice, the federal government might want to take measures to dump the grain, officers mentioned. The elections subsequent 12 months could give the federal government a possibility to allocate extra foodgrain to the poor, they added.TOI has learnt that the Centre’s resolution in June to scrap the coverage of permitting states to purchase rice from FCI beneath ‘open market sale scheme’ (OMSS) for their very own programmes has impacted the offloading of extra rice. Furthermore, placing on maintain the sale of rice to grain-based ethanol crops has additionally contributed to this. Because the e-auction of rice began in July, FCI has bought barely one lakh tonne of rice within the open market, making the goal to promote 25 lakh tonnes to bulk patrons by subsequent March virtually unattainable.
Authorities knowledge present that to this point FCI and state authorities businesses have bought about 170 lakh tonnes of rice within the present procurement season that commenced final month. Officers mentioned they’re assured of the procurement crossing 500 lakh tonnes as the acquisition in some states equivalent to Odisha and Jharkhand has not but began. At the moment, FCI has 194 lakh tonnes of rice, towards the buffer requirement of 76 lakh tonnes for January 1. This inventory excludes 230 tonnes of rice which is but to be obtained from the millers. Furthermore, in the course of the subsequent Rabi advertising and marketing season the federal government expects the rice procurement to be round 50-60 lakh tonnes.
Officers mentioned even the opening inventory of rice with FCI as on October 1 was 221 lakh tonnes and this was greater than double the required buffer inventory. They added that the great tempo of procurement within the present season will push the inventory additional.
As per authorities estimates, the Centre wants round 400 lakh tonnes of rice yearly to satisfy the free ration scheme, Pradhan Mantri Garib Kalyan Anna Yojana beneath which almost 81 crore folks get 5 kg foodgrain each month.
