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Food for thought | Why the FCI’s health is failing rapidly

FCI can determine neither the purchasing/sale price not the quantities it wants to buy or sell

May 11, 2020 / 01:46 PM IST
Food for thought | Why the FCI’s health is failing rapidly

The Food Corporation of India (FCI) is dishing up some unpalatable food for thought. The country’s granary is bursting at the seams with a stock that is way above the buffer norm requirement set for the corporation. According to media reports, the stock of wheat and paddy with FCI in July stood at 74.2 million tonnes whereas the buffer requirement was 41.12 million tonnes. In fact, between January and July this year the grain stock at FCI godowns zoomed 63...

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