Business Standard

Govt moves 50% of wheat kept in open to safe places

Due to inadequate storage capacity, 6.6 MT wheat are kept in 'katcha' complexes

Related News

Fearing damage due to rain, nearly half of the 6.6 million tonnes of stored in open spaces in Punjab, Haryana, Madhya Pradesh have been moved to and the remaining will also be shifted by next month.

The government is grappling with the problem of plenty as its godowns are overflowing with over 82 MT of foodgrains against the storing capacity of 64 MT.

Due to inadequate storage capacity, 6.6 MT wheat are kept in 'katcha' complexes in Punjab, Haryana, Madhya Pradesh and Rajasthan.

"We have already moved three million tonnes of wheat on a priority basis to safe places. The remaining will be transported next month," Minister K V Thomas told PTI.

The Food Ministry had decided to move 6.6 million tonnes of the grain on a priority basis to save them from damages during the monsoon which has progressed across the country.

To ease the storage crisis, the ministry had asked states to lift foodgrains meant for ration shops for the next six months in advance.

Besides, the government recently decided to offload additional 8 MT of foodgrains to BPL families and to bulk consumers. It has also allowed export of 2 MT of wheat.

Speaking separately at a event organised by Assocham, Thomas said the government manages huge stock of 82 MT of foodgrains and losses are not even 1 lakh tonnes.

Foodgrains damages have come down to 0.006% now as against 2.5% five years ago, he said.

Read more on:   
|
|
|
|
|
|

Govt moves 50% of wheat kept in open to safe places

Due to inadequate storage capacity, 6.6 MT wheat are kept in 'katcha' complexes

Fearing damage due to rain, nearly half of the 6.6 million tonnes of wheat stored in open spaces in Punjab, Haryana, Madhya Pradesh have been moved to safe places and the remaining will also be shifted by next month.

Fearing damage due to rain, nearly half of the 6.6 million tonnes of stored in open spaces in Punjab, Haryana, Madhya Pradesh have been moved to and the remaining will also be shifted by next month.

The government is grappling with the problem of plenty as its godowns are overflowing with over 82 MT of foodgrains against the storing capacity of 64 MT.

Due to inadequate storage capacity, 6.6 MT wheat are kept in 'katcha' complexes in Punjab, Haryana, Madhya Pradesh and Rajasthan.

"We have already moved three million tonnes of wheat on a priority basis to safe places. The remaining will be transported next month," Minister K V Thomas told PTI.

The Food Ministry had decided to move 6.6 million tonnes of the grain on a priority basis to save them from damages during the monsoon which has progressed across the country.

To ease the storage crisis, the ministry had asked states to lift foodgrains meant for ration shops for the next six months in advance.

Besides, the government recently decided to offload additional 8 MT of foodgrains to BPL families and to bulk consumers. It has also allowed export of 2 MT of wheat.

Speaking separately at a event organised by Assocham, Thomas said the government manages huge stock of 82 MT of foodgrains and losses are not even 1 lakh tonnes.

Foodgrains damages have come down to 0.006% now as against 2.5% five years ago, he said.

image

Read More

Chana rises 1.26% on spot demand

Chana prices rose by Rs 58 to Rs 4,657 per quintal in futures trading today as speculators created fresh positions, driven by the pick up in spot ...

Recommended for you

Quick Links

Market News

Oil drops to $65 on US shale outlook, dollar

Brent crude was down 45 cents at $65.07 a barrel at 0948 GMT, while US crude, also known as West Texas Intermediate (WTI), was 43 cents lower at ...

Markets turn realistic

Support for indices as middle class gains confidence

Shares of PNC Infratech fall 5% on debut

The firm's IPO saw weak demand from retail and HNIs, but was bailed out by institutional investors

Nifty breaches 8,350; rupee nears 64 levels

Sensex ended the session at 27,531 levels, while the Nifty lost 31 points to 8,339 levels

Sensex ends nearly 100 points lower; Nifty holds 8,350

Provisionally, the Sensex lost 82 points to end at 27,562 and the Nifty dipped 20 points to close at 8,351

 

Back to Top