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

Press Trust of India  |  New Delhi 

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.

RECOMMENDED FOR YOU

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

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Carborundum Uni. 172.95 5.46
Nilkamal Ltd 1050.00 4.98
Aegis Logistics 88.15 3.95
Birla Corpn. 365.15 3.82
Ashok Leyland 83.20 2.59
> More on BSE Gainers
Company Price() Chg(%)
Balrampur Chini 78.85 4.71
Ruchi Soya Inds. 22.95 4.32
Guj Fluorochem 428.05 3.69
Automotive Axles 598.00 3.21
Shanthi Gears 84.05 3.19
> More on NSE Gainers
Company Price() Chg(%)
Bliss GVS Pharma 124.40 -19.97
HSIL 245.25 -5.20
GE Shipping Co 288.10 -4.78
Grindwell Norton 610.45 -4.65
Indian Hotels 102.10 -4.62
> More on BSE Gainers
Company Price() Chg(%)
B H E L 104.45 -13.14
Shrenuj & Co. 13.15 -8.04
Esab India 458.55 -7.58
Can Fin Homes 867.35 -7.27
Pennar Inds. 40.55 -6.57
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price