Business Standard

Wheat stocks likely to be 80% higher than buffer norm by next April: Govt

The govt suspended wheat export on May 13, moving all varieties of wheat, including high-protein durum, from 'free' to the 'prohibited' category

Wheat
Premium

Food and Consumer Affairs Minister Piyush Goyal pointed out that wheat production estimate was revised lower due to early summer this year.

Press Trust of India New Delhi
The government on Friday said wheat stocks in FCI godowns is expected to be 13.4 million tonnes at the start of next fiscal, 80 per cent more than the buffer requirement.

In a written reply to Rajya Sabha, Food and Consumer Affairs Minister Piyush Goyal said the central pool stock of wheat as on July 1, 2022 is well above the foodgrains stocking norms.

"As on July 1, 2022, Food Corporation of India (FCI) and state government agencies have 28.51 million tonnes of wheat stock under central pool against the stocking norm of 27.58 million tonnes," he said.

In the

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in