Synopsis
Figures show procurement continued even after FCI stocks met the demands of the country’s food security and other welfare schemes.
The stock is high despite the government offloading a large quantity of wheat and rice under PM Garib Kalyan Ann Yojna.
(This story originally appeared in on Dec 17, 2020)NEW DELHI: Government figures show that Food Corporation of India procurement has far exceeded the buffer stock limit and by January 1,2021, India will have foodgrain reserves 2.7 times more that what is required, reflecting sustained procurement but also a massive problem of plenty.
Figures show procurement continued even after FCI stocks met the demands of the country’s food security and other welfare schemes. The stock is high despite the government offloading a large quantity of wheat and rice under PM Garib Kalyan Ann Yojna. Even the high offloading during the Covid-19 pandemic to help the poor and migrants could not deplete India’s foodgrain mountain, underli
Representative image
NEW DELHI: Government figures show that Food Corporation of India procurement has far exceeded the buffer stock limit and by January 1,2021, India will have foodgrain reserves 2.7 times more that what is required, reflecting sustained procurement but also a massive problem of plenty.
Figures show procurement continued even after FCI stocks met the demands of the country’s food security and other welfare schemes. The stock is high despite the government offloading a large quantity of wheat and rice under PM Garib Kalyan Ann Yojna. Even the high offloading during the Covid-19 pandemic to help the poor and migrants could not deplete India’s foodgrain mountain, underlining a robust procurement system as also the costs of pruchase and storage.