Food Corporation of India (FCI) will soon float tenders inviting private firms for foodgrains procurement in north-eastern states. The state-owned corporation had suggested the government to focus more on north-eastern states in order to ensure that farmers in the states benefit from the Centre’s price support mechanism.
The procurement of rice for the 2015-16 kharif season would begin from October and the government has kept a total procurement target of 30 million tonnes (MT) for the season. For the current kharif season, the private players will be engaged in rice procurement in Uttar Pradesh and four other eastern states.
The procurement has been very negligible from the above five states though they contribute more than 40% of the country’s estimated total rice production of over 102 MT.
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