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LATEST NEWS UPDATES | 'Wheat stocks can be 80% higher than buffer requirement by Apr 1 next year'

'Wheat stocks can be 80% higher than buffer requirement by Apr 1 next year'

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published Published on Jul 22, 2022   modified Modified on Jul 26, 2022

-PTI/ Business Standard

The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm.

The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm.

In a written reply to Rajya Sabha, Food and Consumer Affairs Minister Piyush Goyal said the central pool stock of wheat as on July 1, 2022 is well above the foodgrains stocking norms.

"As on July 1, 2022, Food Corporation of India (FCI) and state government agencies have 285.10 lakh tonnes of wheat stock under central pool against the stocking norm of 275.80 lakh tonnes," he said.

In the current 2022-23 marketing year, Goyal said the procurement of wheat has been about 188 lakh tonnes.

"...it is expected that even after meeting out the requirement of Pradhan Mantri Garib Kalyan Anna Yojana (up to September 2022) and Public Distribution System, the projected wheat stock as on April 1, 2023 would be 134 lakh tonnes against the stocking norm of 74.6 lakh tonnes," the minister said.

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PTI/ Business Standard, 22 July, 2022, https://www.business-standard.com/article/markets/wheat-stocks-can-be-80-higher-than-buffer-requirement-by-apr-1-next-year-122072200798_1.html?utm_medium=Social&utm_source=Facebook&fbclid=IwAR3CN438ol3d3UEHun_D_4Ftcw


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