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

Read more on:    Food | Wheat | Commodities | Punjab | Haryana | Mp | Safe Places
Related News

Fearing damage due to rain, nearly half of the 6.6 million tonnes of stored in open spaces in , , 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:   
|
|
|
|
|
|

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 ...

Quick Links

 

Market News

WB summer rice crop likely to be higher by 25% to 7.5 mn tonne

Nearly 68% of total population of West Bengal resides in rural areas, according to last census

Potato prices spurt on output damage

Unseasonal rainfalls, hailstorms hit the crop badly

Markets closed on account of election day in Mumbai

Markets will remain closed today on account of voting for the general elections in Mumbai constituencies

Sebi revises norms for liquidity enhancement schemes

Exchanges can provide trading incentives for three years

Slow start for VIX futures

High costs, lot size said to be impediments

Back to Top