Business Standard

Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Photo: Bloomberg
Premium

Photo: Bloomberg

Sanjeeb Mukherjee New Delhi
The Central government has fixed a target to procure 51.8 million tonnes of rice during the forthcoming 2022-23 procurement season that starts in October, slightly more than the 50.98 million tonnes procured during the current season (2021-22).

According to an official statement, in addition to higher procurement of rice, the Centre also plans to lift 1.30 million tonnes of coarse cereals from farmers next year, which is 117.4 per cent higher than the quantity purchased so far in the current year.

The decision to procure more rice in the 2022-23 season was taken at a high-level meeting of the Central

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2022 | 9:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com