-PTI/ Moneycontrol.com The estimates were finalised after discussion with state food secretaries and Food Corporation of India (FCI) officials in a meeting chaired by Union Food Secretary Sudhanshu Pandey here. The government fixed the rice procurement estimate for the Central Pool at 518 lakh tonnes (LT) for the current Kharif season, up by 1.60 per cent from the last year despite production concerns. The estimates were finalised after discussion with state food secretaries...

-Newsclick.in Meanwhile, output has also dipped due to weather ravages, which hints at tough times in coming months. Strange as it may sound but rice and wheat allocation for distribution through various welfare schemes has been steadily dipping in the past several years. It is strange because the population is growing and even the Supreme Court has urged the Central government to revise its population norms for food grain allocation since these...

-The Hindu Business Line Experts say current manual methods are error-prone, moot scientific process The advance crop estimate made by the Ministry of Agriculture and Farmers’ Welfare usually differs between the first and subsequent three ones before it comes out with the final estimate. However, the difference has seldom caused problems in the agricultural markets or led to complaints of not reflecting what the trade has felt is the ground reality. But some...

-The Hindu Business Line Wheat stocks already low due to low production, concerns mounting about dip in paddy sowing Rice and wheat stock in the Central Pool, managed by the Food Corporation of India (FCI), is at a five-year low, mainly due to lower procurement of wheat. Rice stock, though above 2020 level, may deplete fast in case there is a drop in production during current kharif season as paddy transplanting has...

Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...