After the record rice purchases in 2007-08 season, the Indian Food and Agricultural Ministry is likely to allocate 2 million MT of rice for strategic reserves, created to meet exigencies.
The higher procurement of rice so far in the ongoing 2008-09 marketing season, expected to cross 10 million MT in a day or two, would also help in creating the strategic reserve of rice, if it decides so.
In 2007-08 season, rice procurement was at a record 285.02 lakh MT against the target of 276 lakh MT. Initially, there were concerns that government might not be able to achieve its target.
The higher procurement of rice so far in the ongoing 2008-09 marketing season, expected to cross 10 million MT in a day or two, would also help in creating the strategic reserve of rice, if it decides so.
In 2007-08 season, rice procurement was at a record 285.02 lakh MT against the target of 276 lakh MT. Initially, there were concerns that government might not be able to achieve its target.
No comments:
Post a Comment