Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Cut in reserve price of rice, wheat will hit FCI -Rajalakshmi Nirmal    </title>
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-The Hindu Business Line

Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm

In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to..."/>
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Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm

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    <h1 class="cat-box-title">Cut in reserve price of rice, wheat will hit FCI -Rajalakshmi Nirmal</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm<br /></em><br />In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has come.<br /><br />The government has cut sharply the reserve price of rice and wheat to help FCI offload bulk of its stock.<br /><br />In the Open Market Sale Scheme (OMSS), rice will now be sold at Rs.2,250/quintal against Rs.2,785/quintal earlier.<br /><br />The reserve price of wheat has also been cut. It is now Rs.2,135/quintal. Originally, price for the January-March period was fixed at Rs.2,245/quintal.<br /><br />Already, the reserve price, both of rice and wheat, was way lower to the economic cost of FCI. Now, with the price cut, the gap has increased further.<br /><br />Economic cost &ndash; i.e., MSP plus cost of logistics, storage, handling and distribution for FCI, is estimated at Rs.2,505/quintal for wheat and Rs.3,601/quintal for rice.<br /><br /><em>Why?<br /></em><br />The government has to cut the sale price on grains for OMSS due to the excess stock with FCI, as well as the Corporation running out of storage space. As of January 1, 2020, the stock of rice was 237.15 lakh tonnes and the stock of wheat was 327.96 lakh tonnes. As per the buffer stock norm, only 76 lakh tonnes of rice and 138 lakh tonnes of wheat are required.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cpu6KAB12zmXodJTnd2bAZ001SmXY0tJvoGAhKYYSXgGn3OkZpA4"#" title="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cpu6KAB12zmXodJTnd2bAZ001SmXY0tJvoGAhKYYSXgGn3OkZpA4"#">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cp" class="re" target="_blank">The Hindu Business Line, 23 January, 2020, https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cp</a><div class="clear"></div>
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    <h1 class="cat-box-title">Cut in reserve price of rice, wheat will hit FCI -Rajalakshmi Nirmal</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm<br /></em><br />In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has come.<br /><br />The government has cut sharply the reserve price of rice and wheat to help FCI offload bulk of its stock.<br /><br />In the Open Market Sale Scheme (OMSS), rice will now be sold at Rs.2,250/quintal against Rs.2,785/quintal earlier.<br /><br />The reserve price of wheat has also been cut. It is now Rs.2,135/quintal. Originally, price for the January-March period was fixed at Rs.2,245/quintal.<br /><br />Already, the reserve price, both of rice and wheat, was way lower to the economic cost of FCI. Now, with the price cut, the gap has increased further.<br /><br />Economic cost &ndash; i.e., MSP plus cost of logistics, storage, handling and distribution for FCI, is estimated at Rs.2,505/quintal for wheat and Rs.3,601/quintal for rice.<br /><br /><em>Why?<br /></em><br />The government has to cut the sale price on grains for OMSS due to the excess stock with FCI, as well as the Corporation running out of storage space. As of January 1, 2020, the stock of rice was 237.15 lakh tonnes and the stock of wheat was 327.96 lakh tonnes. As per the buffer stock norm, only 76 lakh tonnes of rice and 138 lakh tonnes of wheat are required.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cpu6KAB12zmXodJTnd2bAZ001SmXY0tJvoGAhKYYSXgGn3OkZpA4"#" title="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cpu6KAB12zmXodJTnd2bAZ001SmXY0tJvoGAhKYYSXgGn3OkZpA4"#">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cp" class="re" target="_blank">The Hindu Business Line, 23 January, 2020, https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cp</a><div class="clear"></div>
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-The Hindu Business Line

Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm

In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to..." />
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm<br /></em><br />In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has come.<br /><br />The government has cut sharply the reserve price of rice and wheat to help FCI offload bulk of its stock.<br /><br />In the Open Market Sale Scheme (OMSS), rice will now be sold at Rs.2,250/quintal against Rs.2,785/quintal earlier.<br /><br />The reserve price of wheat has also been cut. It is now Rs.2,135/quintal. Originally, price for the January-March period was fixed at Rs.2,245/quintal.<br /><br />Already, the reserve price, both of rice and wheat, was way lower to the economic cost of FCI. Now, with the price cut, the gap has increased further.<br /><br />Economic cost &ndash; i.e., MSP plus cost of logistics, storage, handling and distribution for FCI, is estimated at Rs.2,505/quintal for wheat and Rs.3,601/quintal for rice.<br /><br /><em>Why?<br /></em><br />The government has to cut the sale price on grains for OMSS due to the excess stock with FCI, as well as the Corporation running out of storage space. As of January 1, 2020, the stock of rice was 237.15 lakh tonnes and the stock of wheat was 327.96 lakh tonnes. As per the buffer stock norm, only 76 lakh tonnes of rice and 138 lakh tonnes of wheat are required.<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cpu6KAB12zmXodJTnd2bAZ001SmXY0tJvoGAhKYYSXgGn3OkZpA4"#" title="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cpu6KAB12zmXodJTnd2bAZ001SmXY0tJvoGAhKYYSXgGn3OkZpA4"#">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cp" class="re" target="_blank">The Hindu Business Line, 23 January, 2020, https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cp</a><div class="clear"></div>
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Home हिन्दी

Cut in reserve price of rice, wheat will hit FCI -Rajalakshmi Nirmal

Published on Jan 24, 2020   Modified on Jan 24, 2020

-The Hindu Business Line Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has come. The government has cut sharply the reserve price of rice and wheat to help FCI offload bulk of its stock. In the Open Market Sale Scheme (OMSS), rice will now be sold at Rs.2,250/quintal against Rs.2,785/quintal earlier. The reserve price of wheat has also been cut. It is now Rs.2,135/quintal. Originally, price for the January-March period was fixed at Rs.2,245/quintal. Already, the reserve price, both of rice and wheat, was way lower to the economic cost of FCI. Now, with the price cut, the gap has increased further. Economic cost – i.e., MSP plus cost of logistics, storage, handling and distribution for FCI, is estimated at Rs.2,505/quintal for wheat and Rs.3,601/quintal for rice. Why? The government has to cut the sale price on grains for OMSS due to the excess stock with FCI, as well as the Corporation running out of storage space. As of January 1, 2020, the stock of rice was 237.15 lakh tonnes and the stock of wheat was 327.96 lakh tonnes. As per the buffer stock norm, only 76 lakh tonnes of rice and 138 lakh tonnes of wheat are required. Please click here to read more.

The Hindu Business Line, 23 January, 2020, https://www.thehindubusinessline.com/economy/agri-business/fci-sees-red-government-reduces-reserve-price-of-rice-wheat/article30632110.ece?fbclid=IwAR20Fj_cp

Tagged with: Foodgrain Stock Foodgrain storage Foodgrain procurement Open Market Sale Scheme OMSS rice Wheat FCI Food Corporation of India

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