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LATEST NEWS UPDATES | Does India have enough rice for welfare schemes and ethanol? What the govt is missing -Siraj Hussain

Does India have enough rice for welfare schemes and ethanol? What the govt is missing -Siraj Hussain

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published Published on Jul 14, 2022   modified Modified on Jul 14, 2022

-ThePrint.in

Procurement of rice stocks has seen a significant increase. But India is seeing deficient rains and increase of ethanol distilleries.

The Narendra Modi government’s move to ban wheat export was followed by several other measures to conserve stocks, which were projected to deplete in 2022-23 on account of lower procurement in the central pool, continuation of Pradhan Mantri Garib Kalyan Anna Yojana up to September, and the possibility 5 million tonnes being exported. Allocation of wheat was substituted by rice, even in predominantly wheat-consuming states. But how long will India’s rice stocks last? We examine its availability in 2022-23 and beyond.

Rice stocks have increased

Procurement of rice for the central pool has increased over the last four years – from 382 lakh tonnes in Kharif Marketing Season or KMS (October-September) 2017-18 to 599 lakh tonnes in 2020-21. In the current KMS, about 503 lakh tonnes of rice was procured up to March 2022. This is higher by about 37 lakh tonnes as compared to last year’s rice procurement of 465 lakh tonnes up to March 2021.

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ThePrint.in, 14 July, 2022, https://theprint.in/opinion/does-india-have-enough-rice-for-welfare-schemes-and-ethanol-what-the-govt-is-missing/1036965/


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