Central Pool breaks buffer stock norms
The Dollar Business Bureau The stocks in the central pool is double of what is required for buffer norms that are used to tackle emergency like situations, said Ram Vilas Paswan, Minister of Consumer Affairs, Food and Public Distribution. As of 16th April 2016, food grains stocked at the Central Pool is estimated to be 496.12 lakh tonnes. The pool comprises 213.77 lakh tonnes of wheat and 282.35 lakh tonnes of rice. The total acquisition of current stocks shows a significant growth when compared to last year, which was 280.87 lakh tonnes. The possession of more than 4 lakh tonnes of foodgrains was against the buffer norms (stocking norms) that permit buffer stocking of 210.40 lakh tonnes. It includes 74.60 lakh tonnes of ...
Food grain sale to continue under Open Market Scheme
The Dollar Business Bureau The Government of India (GoI) has decided that the sale of food grains for the year 2015-16 would continue through the existing Open Market Scheme (OMS). The information to this effect was provided to the States by the Department of Food and Public Distribution, Ministry of Consumer Affairs, GoI, on Tuesday. In an official release, the government said that it has decided to continue the sale of wheat in the domestic market under the OPS scheme, but only in subject to specific changes. According to the first such modification, the sale of wheat under the above-said scheme would be implemented after March 31, 2015, but only in the non-wheat procuring States. The non-wheat procuring States ...
Excess food grain stocks set to meet domestic needs
The Dollar Business Bureau The total stock of food grains in the Government of India’s central pool, in February, stood against and more than the minimum buffer storage, resulting in an adequate requirement that is expected to meet the domestic supplies. In a recent official release, it was notified that the stock of food grains in the central pool as on February 16, 2015 was 353.67 lakh tons, which is against and more than the minimum buffer storage of 214.10 lakh tons, for January-March quarter in 2015. The adequate storage is expected to help the government in meeting the requirements under Targeted Public Distribution System (TPDS) and other welfare schemes. For a better TPDS, the government is also implementing a scheme ...
Increased food grain production to boost exports
The Dollar Business Bureau The Indian Department of Agriculture and Production on Wednesday released the 2nd advanced estimates of the major crop production for the FY2014-15. The food grains production stood top among the other crop estimates for the year, followed by oil seeds, cotton and sugarcane. According to the statistics, the food grain production during FY2014-15 was estimated at 257.07 million tonnes, which is the fourth highest quantity of annual food grains production in the country. The increased food grains production will definitely come as a challenge for the Food Corporation of India in storage allocation and might also challenge the government’s decision to offload the excess stocks. However, the estimated food grain production for FY2014-15 is lower than 265.57 ...
