Wheat stock with FCI lowest since 2018, but higher than buffer norm
NEW DELHI: Wheat stock with Food Corporation of India (FCI) has dropped below 100 lakh tonne for the first time since 2018, falling to 97 lakh tonne this month, due to low procurement during past two years and record sale of the cereal in open market to keep prices under check. However, in case of rice stocks, FCI is currently holding more than four times the buffer norm. Despite wheat stock plummeting, even at current level, it is higher than statutory buffer stock requirement at this point of time. As per norm, in April, FCI must have 74.6 lakh tonne of the foodgrain.
Despite wheat stock plummeting, even at current level, it is higher than statutory buffer stock requirement at this point of time. As per norm, in April, FCI must have 74.6 lakh tone of the food grain.
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