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\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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
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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

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')) {

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Huge losses on procured grains and rising debt are a big concern

FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was..."/>
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Huge losses on procured grains and rising debt are a big concern

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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Huge losses on procured grains and rising debt are a big concern<br /></em><br />FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly higher than the buffer norm requirement of 41.12 million tonnes of grain as of July.<br /><br />Increase in procurement through MSP operations in the kharif marketing year 2018-19 in rice and rabi marketing year 2019-20 in wheat, explain the jump in stocks with FCI to record levels. Higher inventory means higher storage and financing costs for FCI and a higher food subsidy bill for the Centre.<br /><br />The cash-strapped government has already not been paying FCI. In fact, over the last three years, the government has only been arranging loans for FCI from the National Small Savings Fund for a large part of its dues to the corporation on procurement. In 2018-19, FCI&rsquo;s borrowing from NSSF stood at a record 1.91 lakh crore.<br /><br />So why does the FCI keep accumulating stock and not dispose it in the market, to lower its burden?<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2ZsgmUdFmDNvpt8glTm9AhuW-hm2gpaC4TJS3GE0ROAniUREHa-U9ln6E" title="https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2ZsgmUdFmDNvpt8glTm9AhuW-hm2gpaC4TJS3GE0ROAniUREHa-U9ln6E">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Huge losses on procured grains and rising debt are a big concern<br /></em><br />FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly higher than the buffer norm requirement of 41.12 million tonnes of grain as of July.<br /><br />Increase in procurement through MSP operations in the kharif marketing year 2018-19 in rice and rabi marketing year 2019-20 in wheat, explain the jump in stocks with FCI to record levels. Higher inventory means higher storage and financing costs for FCI and a higher food subsidy bill for the Centre.<br /><br />The cash-strapped government has already not been paying FCI. In fact, over the last three years, the government has only been arranging loans for FCI from the National Small Savings Fund for a large part of its dues to the corporation on procurement. In 2018-19, FCI&rsquo;s borrowing from NSSF stood at a record 1.91 lakh crore.<br /><br />So why does the FCI keep accumulating stock and not dispose it in the market, to lower its burden?<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2ZsgmUdFmDNvpt8glTm9AhuW-hm2gpaC4TJS3GE0ROAniUREHa-U9ln6E" title="https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2ZsgmUdFmDNvpt8glTm9AhuW-hm2gpaC4TJS3GE0ROAniUREHa-U9ln6E">click here</a> to read more. <br /></div>                                                           
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-The Hindu Business Line

Huge losses on procured grains and rising debt are a big concern

FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was..." />
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    <h1 class="cat-box-title">With stocks piling up, FCI is in deep trouble -Rajalakshmi Nirmal</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Huge losses on procured grains and rising debt are a big concern<br /></em><br />FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly higher than the buffer norm requirement of 41.12 million tonnes of grain as of July.<br /><br />Increase in procurement through MSP operations in the kharif marketing year 2018-19 in rice and rabi marketing year 2019-20 in wheat, explain the jump in stocks with FCI to record levels. Higher inventory means higher storage and financing costs for FCI and a higher food subsidy bill for the Centre.<br /><br />The cash-strapped government has already not been paying FCI. In fact, over the last three years, the government has only been arranging loans for FCI from the National Small Savings Fund for a large part of its dues to the corporation on procurement. In 2018-19, FCI&rsquo;s borrowing from NSSF stood at a record 1.91 lakh crore.<br /><br />So why does the FCI keep accumulating stock and not dispose it in the market, to lower its burden?<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2ZsgmUdFmDNvpt8glTm9AhuW-hm2gpaC4TJS3GE0ROAniUREHa-U9ln6E" title="https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2ZsgmUdFmDNvpt8glTm9AhuW-hm2gpaC4TJS3GE0ROAniUREHa-U9ln6E">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2Zsgm" class="re" target="_blank">The Hindu Business Line, 27 August, 2019, https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&amp;fbclid=IwAR2Zsgm</a><div class="clear"></div>
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With stocks piling up, FCI is in deep trouble -Rajalakshmi Nirmal

Published on Aug 29, 2019   Modified on Aug 29, 2019

-The Hindu Business Line Huge losses on procured grains and rising debt are a big concern FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly higher than the buffer norm requirement of 41.12 million tonnes of grain as of July. Increase in procurement through MSP operations in the kharif marketing year 2018-19 in rice and rabi marketing year 2019-20 in wheat, explain the jump in stocks with FCI to record levels. Higher inventory means higher storage and financing costs for FCI and a higher food subsidy bill for the Centre. The cash-strapped government has already not been paying FCI. In fact, over the last three years, the government has only been arranging loans for FCI from the National Small Savings Fund for a large part of its dues to the corporation on procurement. In 2018-19, FCI’s borrowing from NSSF stood at a record 1.91 lakh crore. So why does the FCI keep accumulating stock and not dispose it in the market, to lower its burden? Please click here to read more.

The Hindu Business Line, 27 August, 2019, https://www.thehindubusinessline.com/economy/agri-business/with-stocks-piling-up-fci-is-in-deep-trouble/article29268321.ece?homepage=true&fbclid=IwAR2Zsgm

Tagged with: minimum support price Minimum Support Prices Foodgrain procurement foodgrain production Food Corporation of India FCI National Small Savings Fund NSSF Foodgrain Stock

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