Rice
Govt's rice procurement to reach previous year's level of 592 lakh tonnes
New Delhi/IBNS: Centre’s rice procurement is expected to be equal to last year's level of 592 lakh tonnes in the current 2022-23 marketing year ending September, despite an estimated decline in Kharif output, media reports said.
Food Corporation of India (FCI) Chairman and Managing Director Ashok K Meena said the procurement will reach the last year’s level of 592 lakh tonnes looking at paddy procurement, according to a report in the media
The government has set a procurement target of 600 lakh tonnes, but 426 lakh tonnes of rice have already been procured till January 26 of this year as against 410 lakh tonnes in the year-ago period, he said
Initial government estimates pegged the country’s rice output for the 2022-23 crop year (July-June) at 104.99 million tonnes.
The country had produced 111.76 million tonnes in the previous year.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
