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Government may need to find ways to deal with rising surplus rice stock

IndiaTimes Sunday, 19 November 2023
The Indian government is expected to face an excess of rice stock, almost twice the buffer requirement, due to robust paddy procurement and limited sales from the Food Corporation of India (FCI). The government will need to take measures to offload the grain, possibly through increased allocations to the poor. The decision in June to halt state purchases of rice from FCI and the suspension of rice sales to ethanol plants has impacted offloading efforts.
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