 "Government may end up buying less than 30 million tonnes of wheat")
Bulging grain stocks and lack of storage are one the multiple problems that India’s main grain procurement agency -- Food Corporation of India (FCI)-- faces. A bigger and more acute issue is its stretched financial position which, unless addressed quickly, could have serious implications on FCI’s working.
Though grain procurement operations might not get impacted as funds for purchase of rice and wheat would continue to be provided, several experts said, the Corporation’s financial health could worsen unless immediate corrective measures are taken.
Such is the poor financial health of the FCI, officials said, that even if Centre released all
