HomeNewsEconomyGovt expects higher rice procurement of 518 LT in Kharif season despite output worries

Govt expects higher rice procurement of 518 LT in Kharif season despite output worries

The estimates were finalised after discussion with state food secretaries and Food Corporation of India (FCI) officials in a meeting chaired by Union Food Secretary Sudhanshu Pandey here.

August 31, 2022 / 07:09 IST
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Representative image
Representative image

The government fixed the rice procurement estimate for the central pool at 518 lakh tonnes (LT) for the current Kharif season, up by 1.60 per cent from the last year despite production concerns.

The estimates were finalised after discussion with state food secretaries and Food Corporation of India (FCI) officials in a meeting chaired by Union Food Secretary Sudhanshu Pandey here.

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The meeting was called to finalise Kharif rice procurement estimates and discuss preparations to be made for rice procurement that will commence from October onwards.

"A quantity of 518 lakh tonne rice has been estimated for procurement during the forthcoming KMS 2022-23 (Kharif Crop) as against 509.82 lakh tonne actually procured during last KMS 2021-22(Kharif crop)," the food ministry said in a statement after the meeting.