In this regard, the government will float a exploratory tender on September 8 to evaluate market prices.
This will be the first time in almost three decades the country will import rice and that via road.
According to sources, 20,000 tonnes of rice will be imported per month starting October and tenders are likely to be floated by the State Trading Enterprises (STEs) on behalf of Food Corporation of India (FCI).
To meet the requirements of these states, which have deficient paddy production, the FCI will have to move the grains via road ranging 400-600 kms.
"There is only one national highway 44 from Guwahati, which connects with these states, and moving grains via road is challenging because of hilly terrains and land-slide prone areas," a source said.
Considering all these aspects, there is a need to have supplementary stock to avoid any supply crisis in these areas, therefore it has been decided to import rice from Myannmar, which is well connected via road to Manipur and Mizoaram, sources said. Moreover, the neighbouring country also has surplus stocks, they added.
As on August 16, the country had 184.62 lakh tonnes of rice against the buffer stock of 72 lakh tonnes on October 1 this year. In addition to this, 74 lakh tonnes of unmilled paddy is also available in the country.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
