ALSO READSwaraj India holds candlelight vigil for Gauri Lankesh Air India flight ferries bodies of bus crash victims to Indore India Blue vs India Red Duleep Trophy match ends in a draw Will be huge loss if India team pulls out of CT: Amla, Miller Air India's engineering arm, Boeing launch AME programme
State-run Food Corporation of India (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.)