You are here: Home » PTI Stories » National » News
Business Standard

FCI holding foodgrain stock of 46 million tonne

Press Trust of India  |  New Delhi 

State-run Food Corporation of (FCI) was holding foodgrain stock of 46 million tonne as on October 1, which is 53 per cent higher than the buffer norm.

As per the buffer norm, the FCI was required to keep a stock of 30.77 million tonne (MT) of foodgrain.

FCI's latest data shows the corporation was holding 27.86 MT wheat and 18.18 MT rice, taking the total grain stock to about 46 MT as on October 1 of this year.

The stock however is higher than the year-ago period and also the actual buffer requirement for running the Public Distribution System (PDS), welfare schemes and other exigencies.

The corporation also sells surplus stock in the open market in times of price rise or tight supply situation.

The FCI purchases the grain at the minimum support price directly from farmers.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 09 2017. 14:22 IST