 "Foodgrain stocks top 100 million tonnes, triggering calls for liquidation")
India’s foodgrains stocks topped 100 million tonnes for first time on June 1 and were estimated at 104.16 million tonnes. The record high inventories triggered calls for quick liquidation of the grains by distributing them among the needy and vulnerable sections of society.
The massive build-up could also pose a grave storage challenge as the monsoon keeps advancing.
Civil society activists have demanded that the Centre should at least extend the free-grain scheme under Garib Kalyan Package for the next three months to liquidate a part of the inventory. Ten states have also demanded the same.
The chart shows the stock build-up on June 1 each year in the last 10 years.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%