Wheat stock with FCI lowest since 2018, but higher than buffer norm

Wheat stock with Food Corporation of India (FCI) has dropped below 100 lakh tonne for the first time since 2018, falling to 97 lakh tonne this month, due to low procurement during past two years and record sale of the cereal in open market to keep prices under check. In case of rice stocks, FCI is currently holding more than four times.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/f6k1d7K
via