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Government procures 16.51 million tons of rice so far; to exceed target

The government has procured 16.51 million tonnes of rice so far in the current 2018-19 marketing year and the total quantity is likely to surpass the target, a senior Food Ministry official said Tuesday. 

The rice procurement target set for this year was 37 million tonnes. 

The government had procured 38.18 million tonnes during the last marketing year (October-September), exceeding the target of 37.5 million tonnes set for that year. 

"Both state agencies and Food Corporation of India (FCI) have procured about 16.51 million tonnes of rice so far. The procurement definitely will exceed the target this year too," the official told PTI. 

There will not be any impact on procurement, though crop in Punjab, Bihar and eastern Uttar Pradesh has been affected by deficient rain during September-end, he said. 

Asked about private procurement, the official said a pilot was to be taken up in Jharkhand but the companies have not shown interest and not placed any bids so far. 

Posted on Nov 20, 2018

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