Cereal stock drops, government says ‘sufficient’ for distribution: The Tribune India

0


Tribune press service

Vibha Sharma

New Delhi, October 14

After wheat, the stock of rice in the central pool registered a low in October, like last year, against a background of climatic vagaries.

According to CFI data, wheat and rice stocks stand at around 432.13 lakh tons (wheat: 227.46 LMT; rice: 204.67 LMT) compared to 721.78 LMT (wheat: 468.52 LMT; rice 253.26 LMT) last year. The unmilled paddy stock in the corresponding period last year was 118.25 LMT.

While wheat at 227.5 LMT is at its lowest level in six years (although still above the minimum buffer of 205.2 LMT), rice stock, including unmilled paddy, is above the required levels, which makes the overall position of cereal stocks “comfortable”. Officials say there is enough food grain in stock and there will be no gaps in meeting commitments made under various government programs.

However, the government has to make do with the existing wheat stock for the next six months until the new crop arrives. At the current rate of consumption, about 20 to 21 LMT wheats are needed each month. As per standards, 44.60 LMT as operational stock and 30 LMT as strategic reserves are expected to be available on April 1, when the next harvest begins to arrive.

Heat wave in Punjab and Haryana affected wheat crop resulting in shriveled grain. The next harvest is expected to arrive in the mandis from April 1, 2023. Until then, the country has to rely on its existing stock, which is why the government has increased the quota of rice in the free ration, to which the states opposed. where wheat is eaten.

Kharif production (mainly rice) is also expected to fall this season due to erratic rains and crop diversification. Farmers say the incessant rains have flattened the standing rice crop, delayed harvesting and damaged grain quality and yield.

Meanwhile, the Center recently extended for three months the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) – the program to provide free rations to India’s 80 crore poor.

Under this scheme, 122 LMT grains will be provided to more than the poor at a cost of over Rs 44,762 crore. The program was launched in April 2020 to help people whose livelihoods have been affected by a nationwide lockdown, but most states wanted it to continue.

According to the first advance estimates for the 2022-23 agricultural campaign (July-June), the production of food grains is estimated at 149.92 million tonnes against 156.04 million tonnes the previous campaign.

Notably, the Ministry of Finance’s Expenditure Department also reportedly advised against expanding the program for food security and tax reasons. The government has also imposed restrictions on the export of wheat and broken rice.

However, as the sudden export ban on broken rice hampered the loading of the cargo, India yesterday allowed the shipment of 3.97 LMT backed by letters of credit issued before September 8, according to a notification. government on Wednesday.

432LT in stock

According to CFI data, wheat and rice stocks stand at around 432.13 lakh tons (wheat: 227.46 LMT; rice: 204.67 LMT) compared to 721.78 LMT (wheat: 468.52 LMT; rice 253.26 LMT) last year

Share.

Comments are closed.