New Document top_band
 
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

Today's picks

Nifty, Bank Nifty, Wipro, Cairn & Hind Unilever

CSE to fund stake buyout in clearing corp by selling land

CSE needs to either tie-up with a clearing corporation or pick up a stake in it clearing corporation to meet the norms for regional stock ...

Sebi bars Sunplant, its directors from mobilising funds

Market regulator said the company raised a little over Rs 24 crore from over 3,200 investors through redeemable preference shares

Foreign investors allowed to take fresh positions in IRF

Exchanges allowed foreign investors to take further long positions in IRF

Sebi tweaks investment cap for FPIs in G-Secs

Sub-limit for longer time FPIs has been reduced by $5 billion as there was less demand in this category

Back to Top