India’s rice procurement down 13% but FCI hopeful of buying 55 million tonnes in 2023-24
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Govt confident of making up the deficit in purchases over the next few months
India’s rice procurement, through the Food Corporation of India (FCI), in the two-and-half months since the season began on October 1 dropped 12.7 per cent to 243.85 lakh tonnes (lt) from 279.38 lt in the year-ago period. However, government is confident of recovering the deficit in the next few months.
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