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food corporation of india
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Cereal stocks swell, wheat procurement crosses 24MT
The Food Corporation of India has purchased over 24 million tonnes of wheat, surpassing the cereal stock threshold necessary for India's food security requirements. The government will continue to buy wheat in an open-ended manner, with an estimated procurement of 34 million tonnes this year. The combined stock position of wheat and rice in state-owned granaries is now well above 55 million tonnes, putting the country in a comfortable position.
Updated on May 09, 2023 12:04 AM IST
Private buyers in Punjab unlikely to cross amount of wheat purchased in 2022
Wheat purchase by the private players this rabi marketing season in Punjab may not cross last year’s number even as traders and processing units have bought 4% of the wheat that arrived in the mandis.
Updated on Apr 30, 2023 09:35 PM IST
Vishal Joshi, Bathinda
Maha-Metro yet to build FCI godown
The Maha-Metro is prepared to build and hand over a godown to the Food Corporation of India (FCI), however, they are unable to get suitable land within the municipal limits
Updated on Apr 23, 2023 10:07 PM IST
Siddharth Gadkari
Haryana set to miss its wheat procurement target this year
As per information, government agencies in Haryana had earlier predicted to procure 85 lakh MT of wheat but later after consultation with states, the Food Corporation of India (FCI) estimated that Haryana’s wheat procurement target for this season is set to be 75 lakh MT.
Updated on Apr 22, 2023 10:54 PM IST
Neeraj Mohan, Karnal
Wheat arrival picks up in Punjab mandis
Punjab's wheat arrival this season is far behind last year's at 15.05 lakh tonnes due to rain, hailstorms and wind damage. The state has so far procured 1.94 lakh tonnes across 1,111 mandis. Arrival is expected to pick up by the end of the week as full-scale harvesting begins. The state government will also own the value cut imposed on damaged wheat crops due to the weather, announced Bhagwant Mann, Punjab's chief minister, via Twitter. The value cut will cost an estimated INR60 crore ($8m) for the 100-120 lakh tonnes of crop expected to reach the mandis.
Updated on Apr 13, 2023 01:26 AM IST
HT Correspondent, Chandigarh
