India’s rice procurement down 4% in first 45 days of current season
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Rice procurement by the Food Corporation of India for the government’s buffer stocks has declined 4.4 per cent year-on-year to 161.3 lakh tonnes (lt) as of November 15 since the marketing season began on October 1. It was 9 per cent lower at the end of October than the year-ago period, indicating higher purchases made in the past fortnight as the gap has been reduced.
Procurement was 168.75 lt as of November 15, 2022. In the first fortnight of this month, as much as 57.77 lt of rice have been purchased for the Central Pool against 54.62 lt in the year-ago period……
