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Govt's foodgrain stock at 51.78 million tonnes till Oct 1

posted Nov 1, 2011, 2:55 AM by Puneet Goyal   [ updated Nov 1, 2011, 2:55 AM ]
PTI Oct 24, 2011, 05.39pm IST

NEW DELHI: Foodgrain stocks in the government's godowns were almost two-and-a-half times more than the required stock at 51.78 million tonnes at the start of the current month, a fact that re-affirms India's food surplus status.

As per government norms, Food Corporation of India (FCI) should have 21.2 million tonnes (MT) of wheat and rice available in its buffer stock as of October 1 every year, which includes 5 MT in strategic reserves.Among total reserves, 51.20 million tonnes of foodgrains are stored in various government godowns and 0.58 million tonnes is in transit, the latest FCI data said

FCI, government's nodal foodgrains procurement agency, has stored 27.08 MT of foodgrains, whereas 24.69 MT is stored in state government godowns.The total stock of buffer and strategic reserves of wheat stands at 31.42 MT as of October 1, while that of rice is 20.35 MT in the same period.

The buffer stock limit for wheat is 11 MT and that of strategic reserves is three million tonnes on October 1, while, for rice, the buffer and strategic reserves should be 5.2 million tonnes and 2 million tonnes, respectively.
The government is sitting on a huge foodgrains stocks on account of bumper output and procurement in the last two years. This has caused storage shortages.

Currently, the government has covered storage facilities to house only 44 million tonnes of foodgrains. The rest is stored in open areas under cover and plinth (CAP).On the back of record output of 81.47 MT, FCI procured 28.14 MT of wheat in the marketing year 2011-12 (April-March), compared to 22.5 MT last year.
The FCI has procured 32.63 MT of rice so far in the 2010-11 marketing year (October-September).