Foodgrain stocks fall marginally despite PMGKAY -Harish Damodaran

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published Published on Jul 18, 2020   modified Modified on Jul 18, 2020

-The Indian Express

For July 1, the normative minimum stocks to run the targeted public distribution system (TPDS) and other welfare schemes, plus maintain a strategic reserve over and above that, are 27.58 mt of wheat and 13.54 mt of rice.

Despite efforts at disposing of surplus foodgrains – including by distributing these free under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and a special scheme for migrant labourers returning to their home states – wheat and rice stocks in the Central pool have registered marginal decline.

At 94.42 million tonnes (mt) as on July 1, total stocks were below last month’s all-time-high of 97.27 mt, but still 2.3 times the operational-cum-strategic reserve requirement of 41.12 mt for this date. The 94.42 mt comprised 54.99 mt wheat and 27.17 mt rice. In addition, Food Corporation of India (FCI) and state government agencies held 18.3 mt of un-milled paddy, whose rice equivalent, at an outturn ratio of 67 per cent, worked out to 12.26 mt. Outturn is the share of rice extracted from paddy grains after removal of the outer husk and inner bran layers.

For July 1, the normative minimum stocks to run the targeted public distribution system (TPDS) and other welfare schemes, plus maintain a strategic reserve over and above that, are 27.58 mt of wheat and 13.54 mt of rice. As against this, actual stocks amounted to 54.99 mt and 39.43 mt (including rice from un-milled paddy), respectively.

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The Indian Express, 18 July, 2020, https://indianexpress.com/article/india/foodgrain-stocks-fall-marginally-despite-pmgkay-6511305/


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