-The Times of India Food Corporation of India (FCI) has warned that unless the government can distribute 750 lakh tonnes of food grain, there will be no storage space for the bumper harvest being currently procured, the food ministry told Rajya Sabha on Monday. The crisis of plenty has been engaging the government for a while as it is under pressure to distribute food grain to the poor or intervene in some...

Even as the government races against time to procure enough jute bags to store grains in the face of record procurement , gunnysack traders are saddled with massive unsold stocks. A look at the godowns of some traders in the national capital alone shows there is no shortage of jute bags in the country. While the central government has placed an order for four lakh jute bags to be imported from...

-The Economic Times Grain stocks with state agencies are likely to cross 75 million tonnes some time in June 2012, while covered capacity to store is less than 50 million tonnes. The rest would be under CAP (with pucca or even kachcha plinths) exposed to potential large-scale damage. An early and rational policy decision is required to reduce the stocks by at least 7-10 million tonnes to avoid high costs of...

-The Economic Times Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, warns that India will have a record food grain stock of 75 million tonnes by June when wheat procurement for the year would be over. A third of it would be stored in the open, and vulnerable to damage from rain, as covered storage capacity is only 50 million tonnes. If these stocks are not run down...

-The Telegraph The wheat has to be saved, so joust over jute. Finance minister Pranab Mukherjee today assured Opposition leaders he had asked Bengal to increase production of jute bags after shortage of facilities to store this year’s bumper wheat crop rocked the Lok Sabha. Mukherjee said he had spoken to Bengal industries minister Partha Chatterjee and urged him to ensure uninterrupted production to ensure that the supply of jute sacks increased by...