Page 3 - Food Corporation Of India

'World's largest grain storage' scheme for food security soon: Report

The disruptions in food supply and high inflation due to the war in Ukraine have increased food security concerns in several countries, including India

AUM of commodities under warehousing financing show pick-up in FY23: NCML

It currently manages around 800 warehouses across the country of which almost 40 are owned by NCML

Centre may sell surplus wheat in small tranches to control atta prices

Flour millers have reportedly told the government that they have stocks for one to two months only

Private solution: Rise in storage helps securing food from damage, loss

A Business Standard analysis found ramping up capacity and engaging the private sector helped FCI's share in total storage to rise to over 50 per cent.

Wheat price rise normal; have enough stocks to meet demand: Govt

According to FCI, the wheat stock in Central pool on April 1 next year is expected to be 11.3 million tonnes, higher than the buffer requirement of 7.5 million tonnes

FCI foodgrains stock down by 37% from last year; yet higher than buffer

Centre's foodgrains stock managed by the Food Corporation of India remains 66% higher than the buffer norm

Land lease continuity for Rail landholders, more clarity for Concor sale

Latest Railways circular also offers details on various terms of the new 'land lease policy' approved by Cabinet last month; existing landholders can extend their lease for up to another 35 years

Wheat prices head north with the advent of 'Navratri' festivities

Trade and market sources said wheat prices in wholesale markets of Delhi have risen by around Rs 40 per quintal since September 1

Govt to soon rope in private players for foodgrains procurement: Food secy

The Centre will soon invite private players along with Food Corporation of India and other state agencies to procure foodgrains for buffer stock, food secretary Sudhanshu Pandey said on Monday. He informed that the Union food ministry has already written to all the state governments regarding this. Addressing 82nd annual general meeting of Roller Flour Millers Federation of India, Pandey said that the Centre has given two clear messages to the state governments regarding procurement of foodgrains. One is that the Centre would provide up to 2 per cent incidental expenses on the procurement undertaken by the state governments. Second, it wants to rope in private sector to buy foodgrains for the central buffer stock with an aim to improve efficiency and reduce the cost of procurement, he said. "We also want to involve private sector in the procurement process. Why only FCI and state agencies should be procuring?" he asked. The secretary said in his recent visit to the International .

Centre says it has no plan to import wheat, sufficient stock available

Wheat production is estimated to have declined due to a heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana

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

Tax revenue boost or expenditure cuts can help meet fiscal deficit target

The impact of Saturday's excise duty cuts will be Rs 1 trillion for a year, Finance Minister Nirmala Sitharaman had said

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

India's wheat export boom brings a bonanza to farmers, and budget relief

For international wheat markets, India's sales are helping offset a supply shortfall resulting from Ukraine-driven disruptions in Black Sea region, crop cuts in Canada, quality downgrades in Australia

Punjab CM Mann urges Centre to relax norms for shrivelled grains

Wheat growers in Punjab have reported drop in crop yield and shrivelled grains because of the early onset of heat wave

Centre releases Rs 2.94 trn to FCI, states as food subsidy last fiscal

The Centre has released Rs 2,94,718 crore towards food subsidy during the last fiscal to Food Corporation of India (FCI) and states, which is slightly higher than the revised budget estimates. During the financial year 2021-22, the Department of Food & Public Distribution released Rs 2,94,718 crore towards food subsidy, under both DCP (decentralised procurement) and non-DCP operations put together, against the revised Estimates of Rs 2,92,419.11 crore. "This release of food subsidy is about 140% of the food subsidy released during 2020-21 and about 267 per cent of the food subsidy released during 2019-20," an official statement said. The subsidy has been released for procurement operations under MSP (minimum support price) and seamless distribution of foodgrains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and National Food Security Act 2013 (NFSA). In the last fiscal, the department spent 99.83 per cent of its expenditure by incurring Rs 3,04,361 crores against net .

Cabinet nod to distribute fortified rice under central schemes

According to an official statement later, the Food Corporation of India (FCI) and state agencies have procured 88.65 metric tonnes of fortified rice for supply and distribution

Telangana to step up pressure on Centre for entire paddy procurement

The Chief Minister has convened a meeting of the Telangana Rashtra Samithi (TRS) Legislature on March 21 to chalk out the strategy in this regard

India's food subsidies plan needs to improve coverage, plug leakages

A crucial safety net, the food subsidy is used to protect farmers against low market prices and provide consumers with affordable food grains through the public distribution system (PDS)

FCI operating 2,199 warehouses for storage of food grains: Govt

The government on Friday told the Rajya Sabha that the Food Corporation of India is operating a total of 2,199 warehouses, owned, or hired, across India.