FCI faces stiff competition from private players for wheat procurement

The government owned Food Corporation of India (FCI) faces stiff competition from private players, including local stockists and multinational companies (MNCs) for wheat procurement due to the grain price quoting at above the minimum support price (MSP) this season in Madhya Pradesh.
 

While the FCI is laying emphasis primarily on urban areas and large mandis in the vicinity, private players move door-to-door for collection of wheat directly from farmers by offering price higher than the MSP. Following this, FCI has also started setting up camps near major harvesting centres to ease farmers' transportation and selling fears.

"So, there is a