India’s rice procurement deficit down on higher Nov purchases
Over 5 per cent rise in rice procurement this month has helped the government to narrow the 20 per cent gap to 11 per cent so far this season. Rice procurement, which commenced on October 1, was 148.93 lakh tonnes (lt) as of November 17 against 166.86 lt a year ago. The rice procurement was down by 20 per cent until October 31 and 48 per cent lower until October 15.
Over 5 per cent rise in rice procurement this month has helped the government to narrow the 20 per cent gap to 11 per cent so far this season. Rice procurement, which commenced on October 1, was 148.93 lakh tonnes (lt) as of November 17 against 166.86 lt a year ago. The rice procurement was down by 20 per cent until October 31 and 48 per cent lower until October 15.
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Source Link : The Hindu Businessline
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